📈 Bitcoin's Bullish Formations Demand Surge! (19 July 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we feel like Golem from the Lord of the Rings, but instead of a ring it is a Bitcoin . . .

Hopefully there aren’t any lakes of fire nearby. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - There are 3 Formations That We are Anticipating!

• What to Anticipate Next - Bitcoin Hits Resistance (Speed Bump or Stop Sign)?

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - President Trump Signs GENIUS Act for Stablecoin Regulation, XRP Targets Previous All-Time High after ETF Launch on Wall Street, and More!

BITCOIN TECHNICAL ANALYSIS

What a wild ride Bitcoin has taken us on for the past 10 days!

Moving from ~$108,000 to the all-time high of $123,091.61 on the 14th of July was the boost of confidence that Bitcoin holders needed!

On top of that, over the past 72 hours we received a taste of what the altcoin season is all about.

But trust us . . . that is only the beginning of what is to come for the rest of 2025 . . . or don’t trust us, your decision lol.

Since Bitcoin’s pullback from the all-time high to now, Bitcoin’s performance in July is +10.27% with an overall market capitalization of $2.3T!

That market capitalization is higher than Berkshire Hathaway and Tesla combined!

To speak more on “this is only the beginning,” where does Bitcoin go from here?

Let’s take a look at Bitcoin’s daily chart below and see what variables are currently playing a large role in further upward movement or downward movement . . .

Before we do, a word from today’s sponsor!

Thank you to Attio for sponsoring today’s newsletter!

So, what is the variable(s) that warrants a higher Bitcoin price?

If you take a look below at Bitcoin’s daily chart, you will see that the candlesticks are consolidating in a sideways pattern.

At the same time, the candlesticks are starting to get shorter.

This movement has initiated a bullish pennant - and on top of that - if Bitcoin does pull down in price, it will convert to a bull flag formation.

Before we go further in-depth, let’s see what Byte has on his mind . . . or programmed AI . . . whichever is more appropriate lol.

🤖 Byte the Bot: “Bitcoin’s all-time high push resulted in ~$8,000 price drop within 24 hours due to profit taking and short selling positions being initiated.

Caution: Sideways recovery could result in further bullish movement while a price drop could result in anticipation for Bitcoin to reach ~$110,0000.”

Thank you for that, Byte. Glad to see that you are keeping a somewhat positive attitude . . . probably from his gains in Nvidia stock . . .

Byte mentioned it today and we mentioned it in last Wednesday’s newsletter, if Bitcoin breaks $110,000 then we are in a “world of hurt.”

⭐️ If Bitcoin breaks the bullish pennant formation and bullish flag formation, then it will initiate an inverse cup and handle formation.

Definitely keep this in mind, hence the star emoji! An inverse cup and handle formation would plummet Bitcoin lower towards $100,000!

Let’s take a look at everyone’s favorite section - just our assumption lol - of “What to Anticipate.”

WHAT TO ANTICIPATE

In our last newsletter, we covered different options for Bitcoin’s next move, and it seems that Bitcoin landed on “consolidation sideways.”

We foresee Bitcoin pulling back down to ~$115,500 but don’t panic! This would result in two positive things for Bitcoin’s further movement.

• A pullback to ensure higher healthy movement from Bitcoin

• Bitcoin would break the bullish pennant but still hold the bull flag formation

With continued upward movement, Bitcoin must pullback in price to maintain a healthy climb to the next all-time high!

Which brings us to our next question . . .

🤔 What are we watching? If you look back at Bitcoin’s daily chart above, you will see that the current candlestick has touched the resistance (red) line.

This shows us that - at this moment - Bitcoin has hit resistance and the price may drive down further.

To reiterate, that is fine if the price moves down but ultimately, we cannot break below $11,871.67 - which would result in breaking a major support line.

📊 Which formations are on our radar? The major ones that are occurring or could occur in the next 3 days are:

• Bullish pennant (occurring as we speak . . . type)

• Bull flag (could occur in within 24 hours)

• Inverse cup and handle initiated (could occur within 72 hours)

If we were rolling dice in Las Vegas, we would put our money on the first two, but we have to consider multiple routes as Bitcoin is volatile!

For option three, it is as simple as Bitcoin breaking below $115,500 to initiate the inverse cup and handle formation . . . that is only ~$2,500 away!

🌍 In a perfect world, what do we see? We are perfectly fine with Bitcoin breaking the bullish pennant formation, but we want the bull flag formation to hold.

A slight pullback is all that we ask for - but knowing Bitcoin for 9 years now - we both know that it has a mind of its own.

Looking at the big picture, we still see Bitcoin reaching $160,000 t0 $180,000 this year . . . but ultimately time will tell!

🧠 Our overall thoughts? Watch how Bitcoin moves in the next 24 hours - more specifically - the current candlestick shown above in the chart.

We are watching to see if this candlestick breaks above the resistance line or is held down by resistance . . . again, we will know the answer in 24 hours!

As we all know, Bitcoin is volatile, and real-world news can easily influence the price . . . for the good or for the bad.

With this said, see if advancements are made towards the US Bitcoin strategic reserve as this would be a massive win!

Until our next newsletter on Wednesday, be safe out there and watch out for scams and get rich quick schemes!

BULL MARKET BULLETIN 📌

President Trump Signs Stablecoin Bill Adding to the hype that is already taking place in the world of cryptocurrency, President Trump has signed the GENIUS Act which sets regulatory rules for US dollar-backed stablecoins. This requires firms to dollar-for-dollar reserves in short-term government debt or similar products. Raises hand - so, does this mean that the Bitcoin strategic reserve is next on the list?

XRP Shoots for All-Time High Resulting from ETF For all of my XRP holders out there . . . XRP surged 24% this week which pushed XRP’s overall market capitalization past $190 billion! This was hand-in-hand with the NYSE listing of ProShares Ultra XRP ETF on the 18th of July. XRP set its all-time high of $3.84 on the 4th of January in 2018, when will the next all-time high occur?