📈 Bitcoin's Bullish Move - Mark this Date! (26 Mar 2025)

😮 Litecoin to Enter Korean Markets? Gamestop's Unanimous Decision to Invest in Digital Assets, Elon Musk Shielded by 1 Vote in Legal Battle & more!

Author

Jonathan Hamblin
March 26, 2025

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where cryptocurrency is going up . . .

Slowly but surely - like my blood pressure when watching the market. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

  • Cryptocurrency Headlines - Litecoin to Enter Korean Markets? Gamestop's Unanimous Decision to Invest in Digital Assets, Elon Musk Shielded by 1 Vote in Legal Battle & more!

MARKET OVERVIEW (7-DAY)

BITCOIN TECHNICAL ANALYSIS

Welcome back to another Bitcoin technical analysis.

It is hard to believe that this is our 109th newsletter!

Time flies when you are going insane by watching the continuous drop in your portfolio day after day . . .

I mean—time flies when you are having fun!

In the past 24 hours, Bitcoin’s movement is at +0.53%. Believe it or not, that is only -0.10% lower than our last edition released on Saturday.

However, the past 7 days we have seen Bitcoin increase by +5.71% - which is a swing of +5.48% from our last edition.

The fun doesn’t stop there! The 24-hour cryptocurrency market’s volume is at $76.54 billion which is $24.99 billion higher than 4 days ago!

Why do we mention this? Because the market is showing us multiple indicators that it may be heading towards bullish territory.

I don’t know about you, but I wish my portfolio would increase so I can at least buy a pillow and stop using my microwave.

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With only 5 days remaining in March, we are currently at +3.63% for Bitcoin’s monthly performance this month.

 🧠 Fun fact: If Bitcoin reaches double digit gains this month, that will make it double-digit gains in March for the past three years!

Let’s take a look below to see what Byte has for us and if he believes that double digit gains are plausible.

🤖 Byte the Bot: “Bitcoin is adhering to daily support in an ascending configuration. Bull flag formation executed successfully. Continuation probability: 63.91%.

Caution advised—probability of trickery: HIGH.” 🤖

Thank you, Byte. Very true, Bitcoin can be tricky in its movement - but don’t worry, let’s dive deeper into the movement.

As highlighted in the chart above, the bull flag formation was successful, and Bitcoin pushed through resistance to a higher level.

Because of this, we currently holding the support line, but even with Byte’s continuation probability of 63.91% it could break below resistance again.

Bitcoin always keeps us guessing, I suppose . . .

If Bitcoin makes it back to the “support area,” this whole movement could just be the “cup” within the “cup and handle” formation.

Which means we are projecting higher movement with a slight pullback while getting there.

Don’t worry, we will discuss Bitcoin’s movement in-depth in our “What to Anticipate” section below.

🧠 Trading Fact! Decreases in price do not necessarily mean “crashes.” These could be market manipulations to buy an asset at a cheaper price before it rockets.

WHAT TO ANTICIPATE

Bitcoin needs to continue the support line that it currently holds.

It seems we were spot on in our last newsletter when we said . . .

📈 What will maintain the bull flag formation? As long as Bitcoin’s price stays above $81,322.51 - we stay bullish.

If it breaks below this price, we re-enter the “pullback area” and continue the bearish inverse cup and handle formation.

🌍 In a perfect world: Bitcoin will maintain above $81,322.51 and then use this level as support to move back towards $87,500.

Bitcoin held the bull flag support area and moved its way back to $87,500!

🤔 How did we predict another movement? When it comes to the market, there is a constant battle of traders wanting it to go “up” or go “down.”

When viewing charts, we have to view it from both sides and understand why the movement may occur.

We must always be forward thinking.

🔍 What are we watching now? This current candlestick is the final one before a support and resistance line converge.

This lets us know that a “decision” will be made in the upcoming days . . . either Bitcoin will continue support or break below.

📉 What if Bitcoin breaks support again? It is quite possible that the bearish inverse “cup and handle” formation continues.

The “handle” part has been prolonged, but it is plausible if Bitcoin’s price drops below $85,000 in the upcoming days.

🌍 In a perfect world: We continue upward against Bitcoin’s support line and keep moving toward our next “golden date” . . .

The 1st of April!

This date is when we reach our next resistance line at $91,247.39.

🤔 What are our final thoughts? Even with a slight move down in Bitcoin’s price, we can still establish another support line.

It would extend the “golden date” to around mid-April, but hey . . . at least we could still project Bitcoin’s upward movement.

🧠 Don’t Forget! Bitcoin’s price is still above the all-time high in 2021. We are still consolidating - which tells us . . . another all-time high is possible.

BULL MARKET BULLETIN 📌

Elon Musk Dodges Being Sued? Elon, Elon, Elon . . . if it isn’t one thing it is another. On March 24th, there was a vote that was conducted. This was to vote “on whether to sue Musk or not before the agency filed its lawsuit against the billionaire.” 👀 Out of the 5 commissioners that voted, 4 voted in favor and 1 did not - Mark Uyeda that was appointed SEC acting chair by US President Trump. Sound suspicious? We may never know . . .

GameStop’s Unanimous Decision to Purchase Digital Assets! Oh, GameStop. The business that should have gone under years ago and continues to make itself relevant when it’s stock isn’t being manipulated to new highs. Well, as you read in the title, they are on a path to purchase digital assets. They currently have a stockpile of $4.8 billion in cash and Bitcoin could be the main focus! 🤯 Could it all be a sham? Possibly, but - again - it keeps them relevant . . .

Will Korean Markets Rocket Litecoin? As we approach a potential Litecoin ETF, South Koreans are hopeful that Litecoin will - once again - be listed on exchanges for purchase in their home country! This could be a perfect storm that Litecoin holders are looking for, a Litecoin ETF being approved and a major cryptocurrency listing on a Korean exchange! 😮 Only time will tell, but 68.2% of South Koreans polled believe that it will make a return!