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- 🔮 Bitcoin's June Performance - What to Expect!
🔮 Bitcoin's June Performance - What to Expect!
🤯 US Vice President Speaks at Annual Bitcoin Conference! Bitcoin Whale Liquidated for $100 Million During Recent Price Drop & More!
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Welcome back to
BULL MARKET BYTES
Your byte of cryptocurrency insight where Bitcoin has decided to go with the “crash” option . . .
Well, it was fun to see my portfolio recover at least 2.5% before deciding to dip again. 😂
Here is what we have for you today!
📊 BLOCKCHAIN BREAKDOWN
Bitcoin Technical Analysis - The Dip that Keeps Giving
What to Anticipate Next - What June May Hold for Us!
📌 BULL MARKET BULLETIN
Cryptocurrency Headlines - US Vice President Speaks at Annual Bitcoin Conference, Bitcoin Whale Liquidated for $100 Million During Recent Price Drop & More!


BITCOIN TECHNICAL ANALYSIS
What an interesting end to a month that showed so much promise . . .
Granted, during May, Bitcoin did recover from ~$94,000 to a new high of $111,970.17, but we have a sour taste in our mouth.
Tends to happen when ending the month in a downward spike.
So, what do we do now? No, we aren’t yet at the point of liquidating our crypto portfolio to buy a slightly used Toyota Prius . . .
We have to continue to HODL for the Ferrari and take a look at the future - June!
We are closing May out at +10.52% - 4.43% lower than in our previous newsletter on Wednesday.
As of now, Bitcoin’s performance for the 2nd quarter is at +26.07%.
Now to June . . . a month where Bitcoin’s performance has averaged -0.35% gains since 2013 - definitely feeling optimistic about this one . . .
Granted, in June of 2019, Bitcoin did perform at +26.67%. If there was a repeat, that would send Bitcoin to $132,443.62!
Let’s go ahead and dive into Bitcoin’s daily movement to see our projections - but before we do - a word from today’s sponsor!
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I know we were all hoping for Bitcoin to continue the upward trend and create a new high . . .
In return, Bitcoin has pulled back and is potentially turning resistance into support at $104,487.87.
Now, what we have to ask ourselves . . .
In this pullback something to worry about? In our opinion, absolutely not! Bitcoin pulling back down to create a support above $100,000 is essential!
Of course, we would love for Bitcoin to rocket to a new high and create a support at that level, but we will take what we can get.
Let’s visit our resident AI and see what he has for us. Byte, take it away!
🤖 Byte the Bot: “As predicted, the candlestick on the 28th of May gave us an answer to Bitcoin’s next move. Answer: doom. Inverse cup and handle formation has formed.
Calculation . . . current candlestick holds the key to Bitcoin buying support at $104,501.63 or move back to $100,000 - good luck!”
. . . Well, I definitely have the warm fuzzy feeling after hearing that. I look forward to when we have AI doctors and they attempt “bedside hospitality” lol.
As Byte said, the candlestick on the 28th of May was teetering and ultimately did have the answer for Bitcoin’s next move . . . score 1 for us.
We stated in our Wednesday’s newsletter:
“There is an ascending triangle formation taking place but that could easily switch to an inverted bearish cup and handle formation.”
We now see that this has occurred, which does project further downward movement.
If the inverted cup and handle formation does continue, we will be on track to test $100,000 . . . again for the 100th time . . . ugh.
Let’s move along and see a full breakdown of our projections in “What to Anticipate.”

WHAT TO ANTICIPATE
Since the 22nd of April, we have maintained the “bullish area” (shown in Bitcoin’s daily chart above).
There have been bumps along the way, but Bitcoin did reach a new all-time high to surpass the one set back in January of this year.
Now that May is coming to a close, we need to focus heavily on June and what that may mean for us.
Analytically, we don’t have high hopes for Bitcoin’s movement in June. With an average of -0.35% since 2013, there is nothing to cheer about . . .
However, we can’t judge it at face value. In 2021 (when Bitcoin broke the all-time high), May’s return that year was -35.31%.
We are now ending May at a projected +10.52%.
📊 What is a best-case scenario for June’s performance? A best case would be that Bitcoin’s performance is over +50% in June . . .
Now, a more realistic scenario would be that it is either a single digit red or green month in June.
However, since we did talk about 2021, this is a year that June highly out-performed May.
In May of 2021, Bitcoin’s movement was -35.31% while June was -5.95%. They are both negative months, but that is almost a 30% differential.
🌍 In a perfect world, what do we see? Even though we are following an inverse cup and handle formation, we would love for this to cease.
How could this occur? If Bitcoin maintains a sideways consolidation and not a strong upward movement, it will change the overall pattern.
Even though it may look great on paper, a pullback to $108,000 would actually confirm the bearish pattern and send Bitcoin’s price lower.
🤔 Our overall thoughts? This time of the year in the 4-year cycle is where Bitcoin will rocket. Technically, we have already reached a new all-time high.
As the months continue to pass and there isn’t a strong movement, investors will begin to question if this was the 4-year cycle move, and we need to wait another 4 years.
Consolidation in the 6-figures is absolute key and must be maintained. If we break below $100,000 - the question above may be more of a reality.
We will see how Bitcoin reacts going into June and see you in our next newsletter on the 4th of June!

BULL MARKET BULLETIN 📌
Bitcoin Whale Liquidated in Recent Price Drop As Bitcoin pulls back ~10%, investors are starting to take profit while others may have not been as fortunate. Hyperliquid’s James Wynn had his position of $100 million liquidated as a result from Bitcoin’s pullback! At the same time, we see “Bitcoin whales” purchasing Bitcoin at a lower price - as seen by a single transaction that was 7,000 Bitcoin ($729 million)! Is this the part where panic sets in and the market goes back to being bearish?
US Vice President Speaks at the Annual Bitcoin Conference Heads turn as US Vice President JD Vance takes the stage at Bitcoin’s annual conference in Las Vegas, Nevada. In one of his beginning lines, he stated, “I want to speak about why I’m personally optimistic about crypto and what it means for the American people.” The line that may be repeated for years to come was, “crypto finally has a champion and an ally in the White House.” Will 2025 truly be the year of the Bitcoin?

DID WE HIT THE BULLSEYE? |