📉 Bitcoin's Anticipated Drop - 11 Days to Go! (5 April 2025)

Today’s newsletter is brought to you by Consensus 2025! Cryptocurrency’s most influential event held this year in Toronto, Canada from May 14th - May 16th!

Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we cover the excitement of cryptocurrency!

Why ride a rollercoaster for an adrenaline rush when you can put your life savings into cryptocurrency and watch it go down 95% in less than 24 hours!

Not recommended . . . this is just a joke! 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Market Overview (7-Day) - Top Gainers & Losers!

• Bitcoin Technical Analysis - The Descending Triangle Continues!

• What to Anticipate Next - The Waiting Game is Coming to an End, remember this date!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - PayPal Adds Two New Cryptocurrencies, trillion Dollar Company Purchases More Bitcoin, Analyst Warn of Downward Movement & more!

MARKET OVERVIEW (7-DAY)

BITCOIN TECHNICAL ANALYSIS

Believe it or not, Bitcoin’s current movement is “textbook” . . . but not in a good way if you want the price to increase

As Bitcoin ended March at -2.3% and has dropped from +2.4% in past Wednesday’s newsletter to a current +0.8%, we are starting to feel the pressure.

But we don’t give up hope! We sell the couch, the television - anything with value, really - suppress the tears, and keep moving forward!

📰 In today’s newsletter, we take another look at where Bitcoin is heading and how to prep for what may even come to be . . .

Further downward movement!

Fasten your seatbelt as we hop into our imaginary Lamborghini to go from 0 to 100 . . . but before we do, a word from today’s sponsor!

Thank you to Consensus 2025 for sponsoring today’s newsletter!

So enough with the doom and gloom . . . as we direct our attention below to Bitcoin’s daily chart - we must take the negatives and form positives!

Byte, give us some good news!

🤖 Byte the Bot: “Descending triangle pattern detected… Probability of downward pressure initiating breach into "pullback zone" at 72.92% . . .

Positive data generated! Bitcoin has not yet reached $0 . . . “ 🤖

Thank you, Byte . . . that is very true that Bitcoin has yet to hit $0. Was hoping for a little bit more energy but that is okay!

📊 Bitcoin’s movement! The descending triangle formation for Bitcoin continues on - and believe it or not - this pattern started in mid-January!

This is when Bitcoin hit its all-time high. From there, it has slowly dropped to the price that we know and love today.

Within our descending triangle, we did see a burst in upward movement ton Wednesday that broke outside of the bearish trading formation . . .

However, it did not continue, and it led us right back to where we were in the formation!

🤔 This is what we are projecting! There are a couple of variables that may keep Bitcoin afloat and not crash into lower price territory.

It may be a stretch but check out our “What to Anticipate” section below to see all of the excitement that may - or may not - occur!

🧠 Trading Fact! In a downward trend, a burst upward does not necessarily mean the tide is turning. It could be “short sellers” taking profits which causes buying pressure.

WHAT TO ANTICIPATE

Right now, we are in an “uncertain time” with Bitcoin’s movement!

There is much fear going around about tariffs and other events in the world, but don’t forget that large corporations continue to buy Bitcoin.

In Wednesday’s newsletter, we stated:

📈 Bitcoin moved upward outside of the descending triangle formation! Unfortunately, it was short lived and returned back.

Even though Bitcoin continues the downward movement, there is still time before the bearish formation is complete.

📈 Which date are we focused on? April 16th is still on our radar as this is when the bearish descending triangle formation completes.

We are still consolidating, and the price movement becomes more constricted, but there is slight hope that we move upward!

🌍 In a perfect world: We have a burst of upward momentum similar to a bullish descending wedge formation even though we are in a bearish formation.

World events can quickly change the tide of Bitcoin’s movement! If this occurs, we will begin a bullish trend!

🤔 What are our final thoughts? Bitcoin will continue to take its sweet time. However, we must keep in mind that we are holding in the $80,000s!

This is still above the all-time high that we experienced in 2021!

🧠 Don’t Forget! If Bitcoin were to move 100% overnight, that would place it above $160,000! Bitcoin returns can be extreme, especially compared to stocks!

BULL MARKET BULLETIN 📌

Bitcoin to “Bottom Out” at $70,000 in 10 Days? With tariffs taking place, everyone is starting to feel uneasy for what the future in finance may hold. Network economist Timothy Peterson states that Bitcoin may be returning to its 2021 all-time high price of $70,000. 👀 It isn’t far-fetched . . . here at BullMarketBytes, we project that Bitcoin’s descending triangle concludes on the 16th of April. Will this become a reality? Only time will tell . . .

Trillion Dollar Company Buys Bitcoin During the Sell-Off! If you aren’t familiar with BlackRock, this company holds $11.6 trillion in assets under management! During the panic and sell off in the stock and cryptocurrency markets, BlackRock reportedly purchased another $66 million in Bitcoin on the 4th of April! Could these larger companies be using this dip in price to their advantage? 🤔 It may be safe to assume that they know something that we don’t . . .

Two Cryptocurrencies Added to PayPal & Venmo! It has been announced that global payment platform PayPal will be integrating Solana and Chainlink! Phenomenal news to the cryptocurrency community as this promotes mass adoption. Solana is currently the 6th top crypto by market cap at $62.2B and Chainlink #12 at $8.4B! I guess Solana isn’t just the “go to” platform for the next memecoin . . . 😅