🚀 Bitcoin Rockets! What Happens Next? |22 Aug 26|

Welcome back to

BULL MARKET BYTES

In partnership with

Your byte of cryptocurrency insight where we deliver the “need to know” in 5 minutes or less . . .

Think of us as your personal pizza boy delivery service, just without the demand of a 100% tip, haha!

Here’s what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

Bitcoin’s monumental move from ~$62,713.88 to $79,544.36 occurred across 4 days and the community is pumped!

Come to think of it, we all know someone who owns a business that holds over 645,000 Bitcoins.

With holding this amount of Bitcoin paired with the upward movement of ~$16,500, that is a swing of over $10.6 billion!

I wonder how he is feeling about it right now . . .

📊 BITCOIN’S DAILY MOVEMENT

Bitcoin’s price consolidation across 76 days was one of the most boring things to watch - aside from infomercials at 1am.

This 76-day consolidation was interrupted on the 19th of August when Bitcoin exploded through major resistance at $65,596.85!

Believe it or not, Bitcoin’s price momentum did not stop there!

Through a period of 72 hours, Bitcoin broke through 5 major resistance levels!

Additionally, Bitcoin regained a price level that we haven’t seen since the 15th of May this year at $79,322.81!

This massive price movement is sparking excitement across the world with everyone having their own thoughts on where Bitcoin goes next . . .

At this point, Bitcoin could continue on a path back towards $100,000, especially now that Bitcoin has re-entered the “pullback area.”

This area gives us understanding that Bitcoin may have hit its “floor price” at $57,758.58 and is ready to reclaim loss territory.

Even though our portfolios may be struggling, “diamond hands” are seeing their gains . . . we just know of one country that sold a bit too quickly, oops!

We all make mistakes, but maybe not to the tune of €650M, haha!

Alright, enough talk of “paper hands.” Let’s take a look at our “What to Anticipate” section below for a more in-depth look at Bitcoin’s next move!

But before you do, a word from today’s sponsor!

Master Claude AI (Free Guide)

The professionals pulling ahead aren't working more. They're using Claude.

Our free guide will show you how to:

• Configure Claude to be the perfect assistant

• Master AI-powered content creation

• Transform complex data into actionable strategies

• Harness Claude’s full potential

Transform your workflow with AI and stay ahead of the curve with this comprehensive guide to using Claude at work.

Get The Free Guide

🔮 WHAT TO ANTICIPATE

The highlight from last Saturday’s newsletter!

It is no secret now! Bitcoin’s consolidation resulted in a massive rocket. Wonder if Litecoin is next . . .

📈 BULLISH SCENARIO

Let’s take a moment to celebrate Bitcoin’s recent move . . . Yay!

Alright, the moment is over haha!

For the bullish scenario, you may assume that we will say “keep going!” However, this is not the case.

For Bitcoin, a consolidation in the “pullback area” would be key. Bitcoin could not hold $79,322.81, but can it hold $75,991.99?

The higher the overextension, the lower the pullback. The last thing we want is for Bitcoin to go back to ~$62,000! Speaking of . . .

This consolidation could provide another “launchpad” that could result in a push into the $80,000’s.

📉 BEARISH SCENARIO

An overextension is going to result in a price pullback, and this is where it all of our fun could be ruined.

Bitcoin’s price pulling back down to $71,741.45 is absolutely possible!

This would “fill the price gap” so that Bitcoin could continue upward. This is where it could go wrong.

If Bitcoin does not hold $71,741.45 during this pullback, it could freefall back to $65,596.85.

👀 WATCH FOR THIS NEXT

The next 72 hours will give us the answer to this question . . . which level of price resistance will be converted to support for Bitcoin?

We would love to assume $71,741.45 or $73,619.30, but as fast as Bitcoin moved upwards it could do the same downwards.

🧠 OUR OVERALL THOUGHTS

August goes from being one of the most boring months for Bitcoin to one of the most exciting!

This recent price rally now has Bitcoin sitting at +22.32% for the month of August!

We anticipate a continued price pullback, but let’s enjoy the victory while we have it.

In the meantime, be safe in the markets and may the bull guide you well!

BULL MARKET BULLETIN 📌

Crypto’s Next Users are AI? Projecting a billion users that are using stablecoins could be the spark crypto needs for growth.

US Debt Tops $40T - Where Bitcoin Comes in With $40T reached for the first time in history, does this strengthen Bitcoin’s use case?

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!