🚀 Bitcoin's Decision - Rocket or Pullback? (16 July 2025)

🤯 Satoshi-Era Wallet Awakens After 14 Years! PLUS: Citigroup CEO Confirms Citi Stablecoin Launch!

Author

Jonathan Hamblin
July 16, 2025

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin hits a new all-time high and then begins to pull back quickly . . .

Is the bull run over or does Bitcoin have more rocket fuel in the tank?

Time will tell . . .

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

BITCOIN TECHNICAL ANALYSIS

Since our last newsletter on Saturday, Bitcoin pushed through $120,000 and set a new all-time high at $123,091.61!

Even with a slight pull back in price, Bitcoin’s performance in July is at +10.87%!

We need to see another run like we did in 2017 where Bitcoin’s performance was:

  • April = +32.71%

  • May = +52.71%

  • June = +10.45%

  • July = +17.92%

  • August = +65.32%

Of course, the months are a little different compared to this year . . . but you get our point haha.

So, now that Bitcoin has pushed through $120,000, has the rocket fuel finally ran out or will Bitcoin continue to push higher?

We will be covering that question during today’s newsletter, but before we do, a word from today’s sponsor!

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We are all very excited that Bitcoin broke into a new all-time high, but there are two things that are still to come.

  • Pullback in Bitcoin’s price to “fill the gap”

  • Alternative (alt) season following Bitcoin’s run

Even though we did experience a pullback in price from Bitcoin, it did reach around $115,500 but not down to around $112,000 where we wanted.

Let’s take a look below at Bitcoin’s daily movement and hear from our resident AI on what is occurring.

🤖 Byte the Bot: “Bitcoin sets new all-time high above $120,000 resulting in bearish topping candlestick.

Caution: Bitcoin may only be beginning its pullback in price from the overextension that occurred when setting the all-time high.”

As you see in the chart above, we are still tracking the “gap to be filled” area to ensure that Bitcoin’s price does not result in a crash.

Following Bitcoin’s new all-time high; the following red candlestick demonstrated 2 primary things . . .

  • Bitcoin being sold for profits

  • Short sellers entering positions from the overextension

We do believe that Bitcoin will continue to pull back in price.

Don’t worry, we don’t believe that this is the end of the 2025 bull run but Bitcoin consolidating in price would be healthy for future movement.

As far as the “gap to be filled”, as long as Bitcoin pulls back but does not break below the all-time high prior to the current one, all is well.

If Bitcoin breaks below $110,000, panic selling will begin!

Let’s take a look at the “What to Anticipate” section below!

WHAT TO ANTICIPATE

Interesting how we said in our last newsletter on Saturday that within 48 hours we would know if Bitcoin was pursuing a new all-time high . . .

Bitcoin broke a new all-time high 48 hours later! Another score for us!

🤔 What are we now watching? As Bitcoin has stalled out from the all-time high being set, we need a healthy pull back in price . . . not a crash!

If Bitcoin continues to push into new all-time highs, it will continue to overextend and then a major crash will be on the horizon.

🌍 In a perfect world, what do we see? We believe that there is more fuel in the tank for Bitcoin in 2025!

Bitcoin reaching from $160,000 to $180,000 this year is highly probable!

Once this occurs, we expect Bitcoin to pull back and then the alternative coins to really start ramping up in price!

🧠 Our overall thoughts? The next 72 hours will give us a great idea of what Bitcoin’s next move is going to be . . .

We have 3 options at this point:

  • Bitcoin creates a new all-time high

  • Bitcoin pulls back to ~$112,000 - ~$114,000

  • Bitcoin crashes below the previous all-time high

A final option would be consolidating sideways, but this option is less likely to occur as Bitcoin is too volatile at the moment.

Make sure to tune in for Saturday’s newsletter where we see which option occurred next!

BULL MARKET BULLETIN 📌

Dormant Bitcoin Wallet Awakens After 14 Years Imagine stashing away 80,000 Bitcoins back in 2011, forgetting about it, and then waking up one day to now see that your Bitcoin is worth $4.6 billion! This is a very probable scenario for this wallet that made its first transaction after 14 years of dormancy.

Citigroup CEO Confirms Pursuit of Citi Stablecoin With a market capitalization of $161.98 billion, Citigroup has announced a key move towards their own stablecoin. We doubt that it would be a top competitor to Bitcoin, but the embracing of cryptocurrency by financial institutions confirms that further integration is on the horizon!