📈 Bitcoin Records New All Time High! What Now? |Released 8 Oct 25|

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin has set a new all-time high!

We won’t mention the part where it was only by $2,000 . . . but we are still thankful. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis

  • Bitcoin breaks a new all-time high

  • The bull flag formation holds

• What to Anticipate Next 

  • A pullback is bound to happen (again)

  • Another all-time high is not far-fetched

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

  • Government shutdown leaves 90 crypto ETF submission in limbo

  • How to spot a coin worthy of a Coinbase listing

BITCOIN TECHNICAL ANALYSIS

What an exciting run Bitcoin has been on since it entered the month of “Uptober!”

As of today, Bitcoin is at +7.65% for the month of October. This is only the beginning!

With the cryptocurrency market exploding to $4.32 trillion on Monday, the highest in history, it confirms that the bull market is still here . . .

We just need Bitcoin to make a stronger all-time high move, not just a couple of thousand dollars!

Grab your paper and pencil as we dive into Bitcoin analytics, but before we do, a word from today’s sponsor!

Thank you to The Rundown AI for sponsoring today’s newsletter!

With Bitcoin, we are experiencing something that we never have in its history . . .

Bitcoin is creating new all-time high levels and not plunging into the abyss afterwards.

It was very evident in 2013, 2017, and 2021 where Bitcoin experienced drops of ~80%+!

On Monday of this week, Bitcoin set a new all-time high at $126,198.07 and still remains above $120,000!

The first image below is from 4 October - right before the all-time high break - and the second from this morning.

We are now seeing a consolidation of Bitcoin’s price around the same level where the all-time high took place, but here is the concern . . .

Bitcoin is overextended and will result in a pullback! Maybe not today, or the next day, or the next day . . . but take a note of this.

The image below shows what we covered back in November of last year . . . geez, time flies!

In the purple rectangle, it highlights Bitcoin’s strong move without reinforcing support along the way . . .

On the right side of the image, Bitcoin pulled back in price to “fill the price gap,” which was bound to happen!

Bitcoin won’t necessarily have a drastic pullback right now - like the one shown above - but Bitcoin pulling back to $118,386.74 is not far-fetched.

We also need to keep in mind . . .

What is the psychology of the traders and investors in the market? Believe it or not, it is quite drastic in this past hour!

• Short (bearish) traders = 58.05%

• Long (bullish) traders = 41.95%

This heightens the chances of Bitcoin pulling back to the next established support line at $118,386.74.

Let’s take a look below and see what Bitcoin has in store for us . . . I hope it is another all-time high!

WHAT TO ANTICIPATE

As stated in Saturday’s newsletter:

And as we saw, Bitcoin held above $118,386.74 and set a new all-time high!

Score one for 1 Bull Market Bytes!

🌍 In a perfect world, what do we see? If Bitcoin maintains above $118,386.74, it will hold the bull flag formation which means $$$ for us!

At the same time, we need Bitcoin to consolidate and hold support before having another go at a new all-time high.

⚠️ Caution along the way! From Saturday’s newsletter, we do not want Bitcoin to break below $118,386.74!

This would end the bull flag formation; however, we would still hold ascending support.

This ascending support shows that Bitcoin could break another all-time high by 25 November, but it is very possible to happen before then.

🧠 Our overall thoughts? Bitcoin is consolidating and it will reach another all-time high price in this bull market cycle . . . in our opinion, of course!

Until Bitcoin goes on a massive upward run, Bitcoin is still consolidating and showing that it has fuel in the tank for another lift off.

Until our next newsletter on Saturday . . . see if Bitcoin holds $118,386.74.

If it doesn’t, $116,620.04 will be the next major support.

If it does, Bitcoin would continue to consolidate and be on track for possibly another all-time high in the upcoming weeks.

Be safe out there a see everyone in Saturday’s newsletter!

BULL MARKET BULLETIN 📌

Canary Capital Finalizes Litecoin and HBAR ETF Details

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• Optimism fills the air as Canary Capital submits their finalized documents

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• 5 steps that could highlight which coins will be successful

• Social media may prove to be more reliable than expected