🚀 Bitcoin Reaches Double-Digit Gain in April! |18 April 26|

Welcome back to

BULL MARKET BYTES

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Your byte of cryptocurrency insight where the world may seem to be a ball of flames, but Bitcoin continues to increase in price . . .

Yeah, we may be okay with this haha! 😅

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

Since the beginning of April this year, we have seen Bitcoin move from ~$65,596.85 to ~$78,331.99!

The question is “why?” With all of the current events circling around “doom and gloom,” why is Bitcoin up over 11% this month?

On top of that, we have witnessed a $996 million net inflow into Bitcoin ETFs marking the biggest weekly jump in over 3 months!

Maybe, just maybe, there is something going on that we are unaware of that is causing people to stack more Bitcoin . . .

📊 KEY STATISTICS

• Overall Market Capitalization = $2.57T

  • ($100B increase since last Saturday)

• Bitcoin Market Capitalization = $1.52T

  • ($60B increase since last Saturday)

• Bitcoin’s ROI in April = +11.64%

📊 BITCOIN’S DAILY MOVEMENT

So, what has occurred since our last newsletter released this past Saturday?

For starters, Bitcoin broke through 2 major resistance areas!

With the bull flag formation that we were watching from last week proving to be successful, Bitcoin rocketed ~$8,000 in a week!

With this strong upward movement, Bitcoin broke through the major resistance of $75,991.99 which hasn’t occurred since the 17th of March this year!

Remember the 13th of April that we highlighted last week? Yeah, that is the exact date that Bitcoin broke major resistance at $73,619.30!

Score 1 for us and score 1 for everyone’s portfolios! Haha!

We are still calculating the next date to mark on your calendar, but we are celebrating that Bitcoin has re-entered the “pullback area!”

For now, less celebration and more determination . . . we need Bitcoin to break through $79,322.81.

Why? Check out the “What to Anticipate” section below for more!

🧠 MARKET PSYCHOLOGY

Just because Bitcoin is steadily increasing in price doesn’t automatically mean that the bullish traders outnumber the bearish traders.

We have to remember, the analytics capture the past 24 hours.

As Bitcoin fluctuates in price as it continues upward, there will be secgments of bearish traders outnumbering bullish traders.

As of now, bullish traders make up 49.10% of the market while bearish traders make up 50.90%.

The market is tight, but a bullish increase from 49.10% to 51%-54% would be yield massive results!

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🔮 WHAT TO ANTICIPATE

As stated in last Saturday’s newsletter . . .

As we know now, April 13th did hold the answers that the world seeked!

On top of that, Bitcoin was gracious enough to break through $75,991.99 and still holds this area . . . for now . . . (dramatic pause) haha!

📈 BULLISH SCENARIO

Now that Bitcoin has broken major resistance at $75,991.99, will it continue to $79,322.81?

In our opinion, no, not immediately . . .

We want Bitcoin’s price to touch $75,991.99 and hold but we will also not initiate “full panic mode” if it breaks below slightly.

Here is what we need . . . Bitcoin must stay above $73,619.30 for us to consider pursuing $79,322.81 this month!

Remember! $81,322.51 is the top of the “pullback area!” We are so close!

📉 BEARISH SCENARIO

What we need to focus on . . . if Bitcoin holds above $73,619.30 or not.

Why? This is the bottom of the “pullback area” and breaking this level will send us back to working overtime at McDonalds haha!

If Bitcoin breaks below $73,619.30, we anticipate a 89% chance of pulling back to $71,741.45!

👀 WATCH FOR THIS NEXT

Will Bitcoin hold $75,991.99 or dump down to $73,619.30?

This is what we must keep a close eye out for throughout the upcoming week.

For Bitcoin to create a strong, but healthy, movement, a consolidation between $75,991.99 and $79,322.81 would be ideal.

However, a slight pullback below $75,991.99 should not cause panic . . . in our opionion of course, haha!

🧠 OUR OVERALL THOUGHTS

Bitcoin continues to rise in a bearish market, this is good!

What would be more impressive is Bitcoin skyrocketing once the world news’ narrative switches to a more positive outlook

For the skeptics . . . is it even possible for BItcoin to rocket in price outside of the “4 year cycle?”

A question that may be answered sooner than we think! In the meantime, see you next Saturday, be safe out there, and may the bull guide you well!

BULL MARKET BULLETIN 📌

Bitcoin Whales “Swallow” 20X Daily Bitcoin Volume! Each day Bitcoin becomes more likely to pursue $90,000 once again as Bitcoin whales accumulate 20x of Bitcoin’s daily supply in 30 days!

Could the Actual Holding of Bitcoin’s Creator be Leaked? Adam Back believes that post-quantum migration could clarify the actual number of Bitcoin’s accessible to Satoshi Nakamoto

BULLISH OR BULLSH*T? 🤔

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