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- 🤠 Bitcoin's Final Stand – Then What? (22 Feb 2025)
🤠 Bitcoin's Final Stand – Then What? (22 Feb 2025)
🤯 Litecoin ETF Listed Ahead of SEC Approval! PLUS: Top Crypto Exchange Hacked for $1.5 Billion, Possible $80 Trillion Investment by US, and more!
Jonathan Hamblin
February 22, 2025
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Welcome back to
BULL MARKET BYTES
Your byte of cryptocurrency insight where we prep our resume to get another job while Bitcoin pulls back . . . yet again . . .
Every time we see Bitcoin’s price back at $95,000 - we see 9 to 5 instead of 95. 😂
Here is what we have for you today!
📊 CRYPTOCURRENCY ANALYSIS
Market Overview (7-Day) - Top Gainers & Losers!
Bitcoin Technical Analysis - Bitcoin’s Final Stand . . .
What to Anticipate Next - Insight to Keep you One Step Ahead!
Elite Edition Access - Litecoin Could be a Top Performer!
📌 BULL MARKET BULLETIN
Cryptocurrency Headlines - Litecoin ETF Listed Ahead of SEC Approval, Top Crypto Exchange Hacked for $1.5 Billion, Possible $80 Trillion Investment by US, and more!
MARKET OVERVIEW (7-DAY)
BITCOIN TECHNICAL ANALYSIS
I know we are all thinking it . . . Bitcoin has been very anticlimactic recently . . .
There was a lot of excitement at the beginning of the year with the Bitcoin spot ETF and the all-time high . . .
Hell, we have had numerous new all-time highs by Bitcoin, and we are still just sitting around at the same level.
🤷♂️ What gives?!
This may bring you some comfort. Every 4 years Bitcoin has made a parabolic move.
2013
2017
2021
2025
But there is a primary difference with this year so far - Bitcoin has not pulled back yet as it did with previous years!
We will continue this conversation - but before we do - let’s have a word from today’s sponsor!
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Per usual with this month, let’s begin with Bitcoin’s movement for February.
Last year, February ended with Bitcoin +43.55 . . . right now we are sitting at -5.51%.
That is 0.35% higher than our previous newsletter! Baby steps back to green territory!
Let’s continue our conversation before the word from today’s sponsor. In 2013, Bitcoin broke over $1,000 for the first time in history and landed at $1,128.
It was then followed up with a pullback a year later to $209 - that is a -81.47% drop!
🔍 Another example! In November of 2021, we reached a closing price of $64,158 and 7 months later we were at $19,986 - a -68.85% drop!
Which brings us to today . . .
Our most recent all time high was this year on the 19th of January at $109,114.88. But even before that, we had an all-time high on the 17th of December!
Months later, we continue to hold the “bullish area” and are still consolidating sideways!
Now to the fun part . . . THE CHARTS! Byte, what do you have for us today?
🤖 Byte the Bot: 24-hour decline of 2.69% detected. Resistance established at $99,468. Falling wedge breakout confirmed—critical support at $95,000.
As the falling wedge formation was successful, we need to search for the next formation/pattern.
At the moment, we have price plateaus at $91,247.39 and now at $94,823.81! These plateaus allow for support to be formed.
👍 What do we LIKE so far?
Bitcoin’s Price Spiked Along with the Falling Wedge Formation
A Price Plateau has Formed at $94,823.81
We Have Remained in the Bullish Area Since 20 November 2024
👎 What do we NOT LIKE so far?
Ascending Support is Now Resistance
Key Resistance is Established at $99,468
Dual Resistance at $100,000 & $99,468 is Concerning
Interested to know what is projected next? Don’t worry, visit our “What to Anticipate” section below!
Now, speaking of things that we like . . . have you seen Litecoin?
Litecoin is truly proving to be the "sleeping giant” of the year!
When the question is asked of “which cryptocurrency ETF will be next”, we automatically think Litecoin!
🤔 And what does that mean? Answer: $$$
How much $$$ are we talking? Well, let’s dive into it!
💎 Elite Edition members have full access to our full Litecoin breakdown.
Want full access for less than $1 per newsletter?
Scroll to the bottom of this newsletter to our “upgrade” image.
A complimentary 7-day trial is included! Byte thanks you!
🤖 Byte the Bot: +23.75% YTD return - $10 billion market cap achieved. Bullish ascending triangle formation detected; system indicates upward momentum!
Thank you, Byte!
🧠 The question on everyone’s mind - what is Litecoin’s potential during this bull market cycle?
Believe it or not, in 2017 Litecoin went from $3.76 to $349.60 (closing price)! That is a 9,197.87% increase!
Do we believe it will increase this percentage during the bull market cycle? No. But let’s take a look at this . . .
In 2020, Litecoin was consolidating around $43 before it hit the all-time high of $412.96 - an 860.37% increase!
This year, we are consolidating around $125. If we take the percentage increase from 2020 (the last all time high) . . .
An 860.37% increase would take Litecoin’s price to $1,075.46!
Everyone still excited for what Litecoin may have in store next?
🧠 Bullish Fact! Based on the Elite Edition information above, Litecoin could easily be a top performer this year!
WHAT TO ANTICIPATE
It is very important to continue mentioning this . . . Bitcoin’s pullback area is between $73,822.43 and $81,337.62!
The falling wedge formation was successful in bringing Bitcoin’s price back up - but it is not guaranteed to continue!
🔍 What we are looking for? We said in our last newsletter that we wanted to see a break above $98,900.
HOWEVER! As the days continue, we move further away from the resistance line that must turn into support!
We now need to break through key resistance at $99,468 and push against the resistance at $100,000.
🌍 In a perfect world: Bitcoin would break above $100,000, move towards the all-time high, and then retrace back to $100,000.
Let’s make this clear . . . we do not want Bitcoin to form a new all-time high right now!
We understand, some readers may have just flipped backwards in their chair from reading the sentence above.
A new all-time high is not what Bitcoin needs right now - we need sideways consolidation that will form strong support.
🧠 Let’s think back: Remember when Bitcoin kept slightly breaking the all-time high and we didn’t like to see it?
It causes weak support and downward movement - exactly where we are right now . . .
🧠 Don’t Forget! Bitcoin needs to continue consolidating within the “bullish area”! If this doesn’t occur, welcome to the “pullback area”!
BULL MARKET BULLETIN 📌
Crypto Investors Could See $80 Trillion Investment by US Government! Well, the title says it all . . . 😂 There is a meeting taking place on the 26th of February at 2:30pm ET includes the committee titled “Exploring Bipartisan Legislative Frameworks for Digital Assets”. Sounds fancy, right? So, where does the $80 trillion come into play? Well, it has been suggested that the United States buy 20% of Bitcoin’s total supply to gain dominance. Do you think it will happen?
Litecoin Spot ETF Listed Ahead of SEC Decision! There could be massive news around the corner for any Litecoin holders we have out there! Canary Capital’s spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under ticker symbol LTCC! 🤯 This is before any formal decision by the SEC. Could this be preemptive to the approval that Litecoin will receive?
Top Crypto Exchange ByBit Hacked for $1.5 Billion! It is always a sad day when there is a hack of any kind that occurs, especially such a high dollar one! On Friday this week, Bybit - a top cryptocurrency exchange in Dubai - stated that there was a routine transfer of Ethereum that was taking place and the hacker “manipulated” the transfer, so it went to an unidentified address. 😮
DID WE HIT THE BULLSEYE? |
