🗓️ Bitcoin's Bullish Reversal - Save This Date! |Released 6 Sep 25|

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we navigate the world of cryptocurrency together in search of the one true answer . . .

When moon? 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - The Next 72 Hours Holds the Key!

• What to Anticipate Next - Bearish or Bullish . . . That is the Question!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Mining Firm Adds $5 Billion to Trump Family Wealth - Where would $1 Worth of Bitcoin in 2010 Get You Today?

BITCOIN TECHNICAL ANALYSIS

We are very excited for what quarter 4 has in store for Bitcoin - I mean, the average return is +85.42% - but we have one obstacle that we must overcome . . .

September! haha.

Don’t get us wrong, Bitcoin is not off to a bad start this month, but we know the historic numbers, and they are not in favor of a “moon.” Not now, at least.

At this exact moment, precisely 10:35pm and 31 seconds Eastern Standard Time (the more precision the better), Bitcoin sits at a whopping +2% for September. Woo-hoo!

Taking into account that September has been negative for Bitcoin from 2017 to 2022, we aren’t doing too bad!

However, numbers can change at the snap of the finger! We must dive deeper, but before we do, let’s direct our attention to today’s sponsor Synthflow!

Thank you to Synthflow for sponsoring today’s newsletter!

Let’s recap Wednesday’s newsletter . . .

• Bitcoin had formed the beginning of a bullish cup and handle formation

  • This formation would break if Bitcoin fell below $110,609.41

Lucky for us, if we take a look below, we will see that the bottom of the current candlestick is sitting exactly at $110,609.41!

Is this a good or bad thing being that the candlestick is so close to breaking key support?

Well, spoiler alert, we have a mixture of both for today!

The Good:

• Bitcoin’s candlestick bottom at $110,609.41 reconfirms strong support

• Buyers are more confident to “buy in” with this hard support line

  • Short sellers closing their positions contributes to this buy pressure

The Bad:

• If Bitcoin does not push above $111,173.85 in 3 days, the candlestick will squeeze

  • This will cause Bitcoin to crash below support at $110,609.41

• A break below this support line will end the bullish cup and handle

  • This would convert to a bearish descending triangle formation

• The gold highlighted candlestick shows massive selling pressure

  • This could easily break key support if duplicated

Now that we all have the “warm and fuzzy feeling” (cough) (cough) . . . let’s take a look at our “What to Anticipate” section!

WHAT TO ANTICIPATE

As covered in Wednesday’s newsletter:

As of this very moment, Bitcoin continues to hold the support line of $110,609.41 (AKA “the precious”), but this could easily break with a massive “sell off.”

As far as the bullish cup and handle formation being a success or failure, when will we have an answer by?

🗓️ As we rub our crystal ball, we see that we should know an answer within the next 72 hours (9 September)!

🌍 In a perfect world, what do we see? Bitcoin must hold $110,609.41 for the next 72 hours at least!

If it does, this will start a domino effect that would, in chronological order . . .

1. Prove the bullish cup and handle formation successful

2. Break the potential bearish descending triangle formation

3. Attempt to build support at $111,871.67

4. Break the golden descending resistance line

From there, Bitcoin builds support to pursue $115,620.04 and then $118,386.74! Both key levels of support for Bitcoin.

🧠 Our overall thoughts? What a wild ride this year has been so far - and to many people’s surprise - the bull run is not yet over!

When it is over, does that mean that the newsletter’s name must be changed to BearMarketBytes? A problem for another day, I suppose . . .

For now, Bitcoin is consolidating in the six-figures and is building bullish support for another run to create a new all-time high!

When Bitcoin hits between $160,000 and $180,000, many will take massive profits. Until then, we have much ground to cover!

In the meantime, watch to see if Bitcoin breaks above $111,871.67 in the next 72 hours! If it does, see if it holds or breaks back below.

This will show us if Bitcoin is creating new support lines or running out of rocket fuel. Until Wednesday’s newsletter, be safe out there!

BULL MARKET BULLETIN 📌

$1 Worth of Bitcoin in 2010 Would Be How Much Today?! It isn’t as simple as buying Bitcoin back in 2010 and waiting 15 years to sell it. There was constant pressure to sell for profit, exchanges being hacked, and doubters along the way . . . it was a rollercoaster of emotion to say the least! Take a look at the multitude of obstacles Bitcoin holders had to deal with in the “ancient times” of 2010 to now.

Trump Family Hits Gold While Stockholders Suffer American Bitcoin, a mining firm backed by the Trump family, plummeted 20% since going public on the New York Stock Exchange. Don’t worry, there is good news! The Trump family reportedly has added $5 billion to their wealth since the launch! Well . . . maybe not the best news to the average investor.