🚀 Bitcoin's Crossroad - Rocket or Crash? (28 May 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin has us on a cliffhanger . . .

Will we see more bullish movement, or do we need to buckle our seatbelts for a pullback?

The anticipation is wild!

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - The Crossroad!

• What to Anticipate Next - Everyone is Watching Bitcoin’s Movement Today!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - $730,000 Crypto Deal Gone Wrong! PLUS: Manhattan Crypto Investor Holds Italian Man Captive for Bitcoin Password & More!

BITCOIN TECHNICAL ANALYSIS

We have had an exciting month so far in May.

Bitcoin broke the all-time high last week setting it to $111,970.17 and on top of that . . .

Bitcoin’s movement is at +14.95% this month along with +31.13% in the 2nd quarter - what else could we ask for?

The moon, of course!

As we are currently at a crossroad in Bitcoin’s price decision - we are not comforted by the fact that June is historically a negative month in movement.

However, even if June is a pullback month for Bitcoin, since 2013 - July is historically positive at an average +7.56%.

Don’t worry, we will dive into the fun that is Bitcoin analytics but first, a word from today’s sponsor!

Thank you to Superhuman AI for sponsoring today’s newsletter!

Throughout our time charting Bitcoin’s movement, we always highlight when support and resistance cross.

Why? The crossroad will result in 1 of 2 things . . . upward or downward movement.

Lucky for us, we are sitting on the crossroad right now!

Let’s take a look below at Bitcoin’s daily movement to show you exactly what we are talking about.

Byte, take it away!

🤖 Byte the Bot: “Current calculation: 71.28% probability that Bitcoin maintains above $110,000 by the 29th of May . . .

Warning! Support and resistance crossroad met - today will hold the answer to Bitcoin’s next move! Good luck, humans!”

Thank you, Byte! If we take a look at the current candlestick to the right, we see it teetering between being above and below the support line.

This candlestick is going to seal our fate as we move towards the end of May with two possibilities:

• Entering June with another all-time high break around the corner

• Entering June with a pullback set to $104,442.54

Currently, there is an ascending triangle formation taking place but that could easily switch to an inverted bearish cup and handle formation.

Overall, today’s movement has us on the edge of our seat as we see Bitcoin bounce back and forth - above and below the support line . . .

So, what do we anticipate next? What if Bitcoin is not successful? How much longer would we have to wait until the next all time high break?

Our question exactly! Let’s take a look at everyone’s favorite section below - “What to Anticipate”.

WHAT TO ANTICIPATE

As covered in our previous newsletter, $106,500 has held so we avoided the potential retest of $104,442.54.

Now, if Bitcoin were to form a bearish inverse cup and handle formation, we would encounter the question from last week . . .

📊 What if Bitcoin breaks $104,442.54? In our last newsletter, we stated that “it would put a damper on Bitcoin breaking the all-time high this month”.

As Bitcoin has broken the all-time high, it could cause an inverted cup and handle formation.

This formation would be highly probable due to:

• Bitcoin’s recent break did not create support

  • Thus, traders wanting to take advantage and create “short” positions

With these “short” positions, traders want to benefit from a downward movement. With Bitcoin’s weak all-time high break, they have a lot to benefit from.

Aside from a potential worst-case scenario . . . let’s cover a more positive outlook.

📊 What movement are we wanting from Bitcoin? As Bitcoin sits at the top of the ascending triangle formation, we wish we could just ignite the rocket ourselves.

Even though Bitcoin has broken upward out of the current ascending triangle, the price has continuously been pushed below $109,416.61.

This left us without any type of price confirmation.

This is now the opportunity for Bitcoin to “break out” of the formation and re-test the previous all-time high at $111,970.17.

Even though it is possible to occur tomorrow at the peak of the ascending triangle formation, today is prime time!

🌍 In a perfect world, what do we see? Even though Bitcoin broke the previous all-time high, it was a slight break.

It was nothing compared to what we witnessed in 2013, 2017, or 2021.

Lucky for us, 2025 is not yet over and this is the year that we have all been waiting for!

Even though we wanted this to already occur, having Bitcoin break an all-time high and then set support at that level would be ideal.

New all-time high breaks are a great news story headline, but slight breaks add to crashes as we saw after January when Bitcoin dumped to ~$74,600.

🤔 Which formation are we following? Today is the deciding factor, do we have a successful ascending triangle formation . . .

Or does this result in a downward movement going into June . . .

If the downward movement is the answer, then the inverse cup and handle formation will lead us to re-testing $104,442.54.

I don’t know about you, but I would rather avoid this, and we can always re-test lower prices at a later time after we have cashed out.

Overall, keep an eye on today’s movement . . . we projected the 22nd and 29th of May as key dates.

The 22nd of May was successful, but will the 29th of May be?

Best of luck out there and see you in the next newsletter on the 31st of May!

BULL MARKET BULLETIN 📌

Cryptocurrency Robbery Results in Failure South Korean authorities have arrested one of three Russian nationals in a fake crypto deal in Seoul. Allegedly . . . the suspects lured Korean investors into a hotel room where they attempted to steal 1 billion won (~$730,000) in cash! According to a report by local news outlet JoongAng Daily, the victims were ambushed and tied up. What a wild world we live in . . .

Manhattan Crypto Investor Takes Hostage for Bitcoin Password With the theme of crime, a Manhattan cryptocurrency investor is facing charges after allegedly “kidnapping and torturing an Italian man” to extract access to digital assets . . . AKA, Bitcoin. When the Italian man refused to provide his password to his Bitcoin wallet, he was electrocuted and subjected to prolonged physical abuse. As Bitcoin continues to rise in price, we are seeing more crime and scams . . . be safe!