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- 📈 Bitcoin's Bullish Breakout – Next Anticipated Move? 👀 (15 Feb 2025)
📈 Bitcoin's Bullish Breakout – Next Anticipated Move? 👀 (15 Feb 2025)
🚀 Litecoin ETF Approval Approaches - Outpaces DOGE & XRP! PLUS: Abu Dhabi Discloses $437M Bitcoin Investment, Coinbase to Integrate DEX's & more!
Jonathan Hamblin
February 15, 2025
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Welcome back to
BULL MARKET BYTES
Your byte of cryptocurrency insight where Valentines Day was not too successful this year . . .
I guess it is a bad thing to talk about Bitcoin the entire time at dinner. 😅
Here is what we have for you today!
📊 CRYPTOCURRENCY ANALYSIS
Market Overview (7-Day) - Top Gainers & Losers!
Bitcoin Technical Analysis - Our Projected Bullish Breakout
What to Anticipate Next - Insight to Keep you One Step Ahead!
Elite Edition Access - Litecoin Breakdown and Projection!
📌 BULL MARKET BULLETIN
Cryptocurrency Headlines - 🚀 Litecoin ETF Approval Rockets - Outpaces DOGE & XRP, Abu Dhabi Discloses $437M Bitcoin Investment, Coinbase to Integrate DEX's & more!
MARKET OVERVIEW (7-DAY)
BITCOIN TECHNICAL ANALYSIS
It has been 27 days, 6 hours, and 5 seconds since Bitcoin’s last all-time high break . . .
But hey, who’s counting? 😂
We were wanting a sweet Valentine’s Day gift of another Bitcoin all-time high, but oh well.
Either way, the overall cryptocurrency market cap is up +0.64% along with Bitcoin being +1.01% in the last 24 hours!
Now, the big question is . . . will this momentum continue, or do we need to strap on our seatbelts for another dip?
Great question! We will be diving more into our projected movement along with covering another “need to know” topic . . .
The next cryptocurrency spot ETF to potentially launch!
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Per usual with this month, let’s begin with Bitcoin’s movement for February.
Last year, February ended with Bitcoin +43.55 . . . right now we are sitting at -4.62%.
That is 2.48% higher than our previous newsletter! We are on the right track!
📰 In our last newsletter: We discussed Bitcoin’s bullish formation, the descending wedge, and our movement projection.
If you missed it, click here to stay one step ahead!
Let’s take a look at Bitcoin’s daily chart that was shown this past Wednesday and see how our projections did!
When we posted the image above last Wednesday, Byte chimed in with his analytics as shown below.
(BYTE) ⚠️ ALERT: Price detected in downward trajectory. Weekly decline: -3.21%. Projecting upward movement - Accuracy: 87.6%. Status: Monitoring fluctuations.
Interestingly enough, Byte’s projection of Bitcoin’s upward movement accuracy of 87.6% was on point! Thank you, Byte!
Why do we say his projections were on point? Well, let’s take a look at where Bitcoin’s price is today.
As projected, Bitcoin found support in the descending wedge formation and made a movement upward!
So, what are the variables that we are focusing on now?
Will Upward Support Continue to Hold?
Will We Form Another Bullish Cup and Handle Formation?
If Support Does Break, How Far Down Does Bitcoin Move?
All great questions that we will cover in our “What to Anticipate” section below!
Let’s switch gears and go into a question that everyone has . . . “what is the next coin or token to 10x my money?”
With this question, we have to think about which cryptocurrencies are going to have a large amount of capital flowing into them.
And what is an area that would allow more investors with high amounts of capital to invest? . . . ETFs!
According to Bloomberg analyst Eric Balchunas, Litecoin’s ETF approval this year is at 90% . . . so will it be the coin we are searching for?
💎 Elite Edition members have full access to our full Litecoin breakdown.
Want full access for less than $1 per newsletter?
Click here or scroll to the bottom of this newsletter to our “upgrade” image.
A complimentary 7-day trial is included! Byte, thanks you!
🧠 Bullish Fact! This day last year, Bitcoin was $52,161.67. Compared to today’s price, that is an 87.40% increase . . . in just 12 months!
WHAT TO ANTICIPATE
Let’s take a look at the questions that we asked ourselves within Bitcoin’s technical analysis . . .
Will Upward Support Continue to Hold?
The key area that we are wanting for Bitcoin to hold is $95,206.
🧠 Let’s keep in mind. Bitcoin could also retrace to $92,455 in a continuation of the descending wedge formation . . .
However, upward movement is more desired so a “cup and handle” formation may form - which is also a bullish formation!
Will We Form Another Bullish Cup and Handle Formation?
As covered above, holding the $95,206 area is key for holding support. However, there is another number we want . . .
🔍 What we are looking for! Anywhere above $98,506! This would allow Bitcoin to move above the previous support that is now resistance!
If Support Does Break, How Far Down Does Bitcoin Move?
Let’s not forget about the “pullback area” that we have marked within our Bitcoin charts above.
🤔 Where is the pullback area? The range is between $73,822.43 to $81,337.62!
We anticipate this area to be reached if we break below $91,257.39. However, support is currently on our side!
🧠 Don’t Forget! The 24th of March to the 28th of March currently marks when a new all-time high break will occur at the current momentum!
BULL MARKET BULLETIN 📌
Abu Dhabi Discloses $437M Stake in Spot Bitcoin ETF! Amazing to see that companies around the world are getting in on the Bitcoin action. Mubadala Investments — one of Abu Dhabi’s sovereign wealth funds — disclosed their $437 million stake in BlackRock’s iShares Bitcoin ETF (IBIT)! 🤯 Are they preparing for an upcoming Bitcoin movement that we aren’t aware of?
Coinbase to Incorporate Decentralized Exchanges? As we all know, meme coins are taking the world by storm! Brian Armstrong, the CEO of Coinbase Global Inc. sees the high-volume meme coins generate and wants to incorporate this into Coinbase. 👀 He must see the transaction fees he is missing out on. 😂 Their idea? Integrate decentralized exchanges into their platform! Is this likely to happen soon? Probably not - but time will tell.
Litecoin ETF Advancing Faster Than XRP & DOGE! According to Bloomberg analyst Eric Balchunas, Litecoin has a greater change of securing an ETF approval before XRP and DOGE. Even though the US SEC has acknowledged Grayscale’s spot ETF filings for XRP and DOGE, Litecoin seemingly is progressing more in the approval process. 💎 If approved, would Litecoin rocket towards $1,000?
DID WE HIT THE BULLSEYE? |
