🙏 Bitcoin Revival in June, Anyone? |30 May 26|

🤔 XLM Spikes 50% . . . Only the Beginning?

Author

Jonathan Hamblin
May 30, 2026

Welcome back to

BULL MARKET BYTE

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Your byte of cryptocurrency insight where the market continues to dump on us . . .

I mean, it can’t last forever, right? . . . RIGHT?? 😅

Here’s what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

📊 OUR BOLD PREDICTION

Even though Bitcoin continues to dive in price, maybe Bitcoin “going to the moon” is just a waiting game . . .

10 years ago, Bitcoin was around $600. Since then, Bitcoin’s price has increased over 12,150%!

It is easy to lose faith in a bearish market, but don’t overlook the constant price predictions that place Bitcoin over $1 million!

📊 KEY STATISTICS

  • Overall Market Capitalization = $2.48T

    • ($30B decrease since last Saturday)

  • Bitcoin Market Capitalization = $1.47T

    • ($30B decrease since last Saturday)

  • Bitcoin’s ROI in May = -3.44%

📊 BITCOIN’S DAILY MOVEMENT

Oh, Bitcoin . . . another month of breaking our hearts . . .

Since our last newsletter, Bitcoin broke key support at $75,991.99 and $73,619.30.

Granted, we were anticipating this move, but it is never fun to see our bearish predictions come true haha!

So, when should we expect for Bitcoin to move in a direction that is closer to a downpayment on the Lambo? Well, let’s dive into it!

With Bitcoin’s recent break below $73,619.30, Bitcoin has entered “uncharted territory!” Yes, it is as daunting as it sounds haha!

Bitcoin decided to leave the “pullback area” and take 2 steps back from a potential move towards $100,000 this year.

Where does that leave us, aside from broke? To begin, we need Bitcoin to hold above $71,741.45.

If Bitcoin doesn’t hold this key support, then we might as well start welcoming $65,596.85 into our lives.

Is there any positive news? Well, make sure to check out our “What to Anticipate” section below!

🧠 MARKET PSYCHOLOGY

I’m having to hold my head still from swiveling from Bitcoin’s constant ups and downs this month.

Bitcoin started May with a spike upward in price and is now ending the month below where it started . . . shocker! Haha!

However, as of now, bullish traders make up 50.60% of the market while bearish traders make up 49.40%.

Granted, this bullish percentage may include short sellers covering their positions from betting on Bitcoin moving lower in price . . .

Can’t trust the short sellers haha.

We kid, of course . . . or maybe not . . .

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BlackRock owns more Bitcoin than most countries. 

Fidelity's ETF hit $10 billion. 

JPMorgan called Bitcoin a "fraud" — now they run billions in tokenized assets. 

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Wall Street sold mortgage-backed securities to retail, then shorted them and made billions while people lost their homes.

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🔮 WHAT TO ANTICIPATE

As we stated in last Saturday’s newsletter . . .

Bitcoin holding above $73,619.30 is imperative, but it can’t stop there.

If Bitcoin consolidates between $73,619.30 and $75,991.99, we are in a world of hurt!

By doing so, a bear flag formation will be conjured by the bearish spirits, and it could easily cause Bitcoin to break below $73,619.30 and even $71,741.45!

Bitcoin fortunately did not consolidate to create bearish pressure, but it did hit mental resistance at $78,000 and decided to plummet.

So, does this mean that we are screwed? Well, maybe . . . haha!

📈 BULLISH SCENARIO

Finding the silver lining while Bitcoin is plummeting and our portfolios are going negative is never easy, but we will give it a shot!

With Bitcoin moving out of the “pullback area,” we are relying heavily on $71,741.45.

We need Bitcoin to bounce off of this support area and move back into the “pullback area.”

If Bitcoin moves back into this area within the next 48 hours and reaches $75,991.99, we have a bullish cup and handle formation on our hands!

📉 BEARISH SCENARIO

What happens if Bitcoin doesn’t move upwards into the “pullback area?”

Well, there is a large gap between $71,741.45 and $65,596.85 and Bitcoin can easily freefall to this lower level . . . boo!

There must be an upward movement, or Bitcoin will consolidate and easily plummet below $71,741.45.

👀 WATCH FOR THIS NEXT

We are not taking our eyes off of the chart for the next 48 hours . . .

A little dramatic, but the next 48 hours could easily determine if June is going to be good or bad for Bitcoin, and our wallets of course haha.

With $73,619.30 bouncing between being support or resistance, the waters are turbulent and Bitcoin is in a fragile state.

🧠 OUR OVERALL THOUGHTS

In the grand scheme of things, Bitcoin is much higher than it was 10 years ago and even 5 years ago . . . just not 1 year ago haha!

To stay sane, we must zoom out the Bitcoin chart and see that it has been a gradual increase in price in the long run.

It is very unlikely that Bitcoin goes to $100,000 this year, but we are seeing multi-billion-dollar companies continue to stack Bitcoin . . .

On top of that, the President of the United States is vouching for it.

Everyone has their own views politically, but we can agree that this level of acknowledgement for Bitcoin isn’t bad for our wallets haha.

Until next time, be safe out there, and may the bull guide you well!

BULL MARKET BULLETIN 📌

US Seizes $1 Billion in Cryptocurrency! Allegedly, the US has seized a large sum from Iran . . . but how true is this?

XLM Spikes over 50% Over This News! Wild to see “green” in a bearish market, but the partnership with this financial giant did the trick!

BULLISH OR BULLSH*T? 🤔

🤝 Your opinion matters (we promise)! Give us a rating below and tell us what rocked, what flopped, and what we should charge at next!