📉 Bitcoin's 58-Day Downtrend - Reversal Inevitable? |Released 10 Sep 25|

In partnership with

Today’s newsletter is brought to you by Synthflow! Create, deploy, and scale human-like voice agents to handle calls and provide 24/7 support!

Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we analyze Bitcoin’s movement patterns and provide our predictions on which direction Bitcoin will head next . . .

Unfortunately, the magic 8-ball keeps saying “cannot predict now.” 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - Descending Triangle Formation Continues

• What to Anticipate Next - Cup & Handle Formation Could Prove Successful

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Long-Term Holders Dump 241,000 Bitcoins! Germany Aims to Seize $5 Billion in Bitcoin!

BITCOIN TECHNICAL ANALYSIS

10 days into September, Bitcoin continues to beat the odds as it stays positive in a historically negative month!

Bitcoin sits at +3.65% for the month of September while being +4.79% for the 3rd quarter.

So, if Bitcoin is positive in a historically negative month why the concern?

For the past 58 days, even though there has been bullish movement along the way, Bitcoin has been in a downward trend.

Believe it or not, we have less than 2 weeks to see how Bitcoin will react at the end of this long-term downward movement!

Let’s go ahead and dive more into the “doom and gloom” that could be Bitcoin, but before we do a word from today’s sponsor!

Thank you to Synthflow for sponsoring today’s newsletter!

So, what exactly is this 58-day downward trend especially since Bitcoin broke the all-time high 27 days ago?!

If we take a look at Bitcoin’s daily movement below, each candlestick presents a 24-hour period.

We will want to focus on the descending gold line and the green line at $110,609.41 as both of these create the bearish descending triangle formation.

Bitcoin did form a new all-time high on the 14th of August, but shortly afterwards returned to being below the descending gold line . . . that is concerning!

Byte, what concerns do you have?

🤖 Byte the Bot: “Massive selling pressure is evident as Bitcoin’s price is held down by the descending triangle formation.

Bearish formation ends on the 23rd of September, slightly favoring a downward movement at 52.16% to occur."

Thank you, Byte!

There is still a positive with Bitcoin’s current movement . . . the bullish cup and handle formation is still intact.

However, we still have the negative that the overall trend - even with bullish features along the way - is indicating a further drop in price . . .

Let’s fast-forward to everyone’s favorite section - we assume haha - the “What to Anticipate” section!

WHAT TO ANTICIPATE

As covered in Saturday’s newsletter when referencing the bullish cup and handle formation:

Even though Bitcoin is in a bearish trend for the past 2 months, the cup and handle formation can still result in an upward movement.

However, even if Bitcoin pushes above the gold descending line doesn’t mean that it will maintain that area . . .

Why? Because at that point the cup and handle formation would prove successful, and the bearish descending triangle could take hold shortly afterwards!

🌍 In a perfect world, what do we see? We are all rootin’ for an upward movement from the bullish cup and handle formation.

Keep in mind: Because of the continued downward trend, a bullish move may eventually result in the continuation of the bearish descending triangle . . .

Let’s say the cup and handle formation is successful, we must create support at $115,620.04 - a strategic level for maintaining the bull market!

⚠️ Caution along the way! If Bitcoin breaks below $107,493.48, the chance of the bull market ending is ~65%.

If Bitcoin breaks below $100,302.21, those odds jump to ~80%.

Why? Multiple reasons:

• Bitcoin becomes oversold below $100,302.21, sparking panic selling

• Key support is broken twice at $107,493.48 - thrice at $100,302.21

Bitcoin must maintain between $107,493.48 and $124,457.12 if we are wanting to see a new all-time high from Bitcoin within the next 3-4 months.

🧠 Our overall thoughts? There is potential that Bitcoin shoots through the descending triangle and proves the cup and handle formation successful . . .

But . . . big “but” here . . . it could easily turn into an immediate drop below the descending gold resistance line.

We still believe that Bitcoin is going to $160,000 to $180,000 this bull run, but there are many obstacles that stand in its way (the month of September being one).

October through December are the golden months that we have been waiting for and will continue to wait for.

In the meantime, wait to see how Bitcoin reacts to the descending triangle formation and the conclusion of the cup and handle formation.

• If Bitcoin breaks upwards, see if it holds support above the descending gold line

• If Bitcoin breaks below, see if $110,609.41 holds support

See everyone in our next newsletter on Saturday! Until then, be safe out there!

BULL MARKET BULLETIN 📌

Germany Yet to Seize $5B in Bitcoin! Germany is notorious for selling 49,858 Bitcoins last year at an average price of $57,900. Now with Bitcoin over $100,000 - and potentially 45,000 Bitcoins to be claimed - this could be a strong effort from them to make up for their stupidity . . . yes, we went there . . .

Long-Term Bitcoin Holders Dump 241,000 Bitcoins! For the past 60 days, Bitcoin has been in a downward trend that could ultimately lead to $95,000. It doesn’t help that long-term Bitcoin holders have already sold $26B worth of Bitcoin! Will the downward trend continue . . . many signs point to “yes.”