🧐 Bitcoin's Movement in May - What to Anticipate! (3 May 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where the anticipation for Bitcoin’s next move is more overwhelming than having to wait in line at the DMV.

Don’t worry, I believe the temporary tag I made with crayon should last a little bit longer . . . 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - Bitcoin’s Movement in May Could be Massive!

• What to Anticipate Next - Bitcoin’s $100,000 Break is Around the Corner!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Bitcoin to Replace Gold Sooner than Expected, President Trump Supports Bill to Purchase 1M Bitcoins, French Tourist Hub to Accept Crypto & More!

BITCOIN TECHNICAL ANALYSIS

Welcome to the month of May!

🧠 The question on everyone’s mind - will this be the beginning of Bitcoin’s next bull run or another disappointment waiting to happen?

Believe it or not, we have seen both sides of the spectrum when it comes to Bitcoin’s returns in May.

In May of 2017, Bitcoin yielded an amazing +52.71%!

However, in 2021, we witnessed a nosedive at -35.31%. The reason that we highlighted 2017 and 2021 is because Bitcoin broke the all-time high in those years.

Since 2013, May has an average gain of +7.53% which is great for us!

So far, we are sitting at +2.12% this month, with +16.49% for the second quarter this year - but we are pleased to announce - we are projecting higher gains!

Even though we are projecting higher gains doesn’t necessarily mean it will happen . . .

With the crystal ball a little hazy these days, let’s take a look at Bitcoin’s movement and see what formations and patterns we are tracking!

But before we do, here is a word from today’s sponsor!

Thank you to CBDistillery for sponsoring today’s newsletter!

As Bitcoin breaks upward through its second bull flag formation, we continue our journey towards the infamous $100,000!

You know, the area that Bitcoin has broken about 300 times this year . . .

With entering a new month, this could be a fresh start - as April was a rollercoaster ride that went from $88,500 to $74,400 and then ended at $95,500.

Let’s take a look at Bitcoin’s daily movement below to see what is going on.

Byte, take it away!

🤖 Byte the Bot: “The second bull flag formation was successful, with $98,000 being reached! May 2nd movement at support/resistance conversion was 100% accurate.

Warning! Bitcoin may reject the resistance line. Calculating a 48.94% chance that sideways support continues at $96,576.50 but below $100,000. Good luck!” 🤖

As you see above, we added a white line that shows the day that our last newsletter was released - to give an idea of what has occurred since.

With our most recent candlestick showing bearish signs, it is actually a better situation than you may think.

With the massive upward candlestick that occurred about a week ago, we are needing some type of pullback to keep the movement healthy.

A pullback will occur because:

• Traders are taking profits from the recent spike

• Short sellers may be entering positions thinking that Bitcoin will drop

Definitely not worried through! As Bitcoin is in the “bullish area”, long traders (those wanting Bitcoin to go up) are more abundant.

However, everyone is going to be thinking the same thing . . . “even though Bitcoin went up, what is going to occur next?”

Don’t worry, we have that covered! Let’s dive into everyone’s favorite part of the newsletter - the “What to Anticipate” section!

WHAT TO ANTICIPATE

In our last newsletter, we said something that will ease a lot of our reader’s minds.

As we see now, Bitcoin has dropped below the upward support line however, it is testing the resistance line. How exactly?

Bitcoin may have broken the resistance line, but we did not receive a “price confirmation”, which would occur if it pulled back and stayed above the resistance.

This would change the resistance line to support, which is always a heart-warming thing.

 📅 With the 2nd of May past, which dates are we watching? We are still watching the 16th of May to see if a new high forms at that time.

Even though the most recent candlestick is bearish, it is too early to tell if we are needing to strap on the seatbelt for another pullback.

📊 What is current resistance? Even though we have the resistance at $96,576.50, We need to keep an eye on something else . . .

The mental resistance line at $100,000. The reason we call it a “mental resistance” is because everyone is focusing on this big milestone!

Because of that, traders are placing buy and sell orders at $100,000 . . . think about it.

• Long traders want to sell at $100,000

• Short traders want to start their downward position at $100,000

This is the reason why there is so much turbulence once Bitcoin breaks $100,000 is due to the massive spike in trading volume.

It is basically a tug-of-war between bulls and bears . . .

🤔 What if we break $100,000? There are a couple of ways that this could go when Bitcoin pushes through $100,000 . . . once again . . .

• A consolidation slightly below $100K will result in a massive spike to the previous all-time high

• A slight break through $100K will result in another back and forth at $100K

🌍 In a perfect world: We will continue to sideways consolidate below $100,000!

We warned about this months ago when Bitcoin was going back and forth - below $100,000 and back above $100,000.

If we do not have a strong consolidation period, it will not be a fun time for anyone.

We do project strong movement in May, but the psychology behind Bitcoin’s movement is that we consolidate sideways to build buyer confidence!

As always, time will tell! Stay strong and good luck, friends!

BULL MARKET BULLETIN 📌

Bitcoin on Track to Reach Gold’s Market Cap by 2029! Bitcoin becoming the new “gold standard” is something that has been discussed since its inception over 15 years ago. It was frequently laughed at back then, but now with government adoption and ETFs - Bitcoin could match gold’s market cap in 4 years! If it matched this very second, 1 Bitcoin would be valued at $1,102,246! 🤯 It may sound far-fetched, but just 10 years ago Bitcoin’s market cap was only $3B - it is now $1.91T!

France’s Top Tourist Destination to Accept Crypto Payments! The French city of Cannes, which hosts the annual Cannes Film Festival, is set to begin accepting cryptocurrency by this summer! The municipal government is aiming for a 90% adoption rate among local merchants! 😎 In February, the city’s mayor announced a crypto payment integration training session for business owners to promote widespread acceptance. Checkmark for another city integrating crypto!

President Trump Supports the US Strategic Bitcoin Reserve Bill! Everyone wants Bitcoin’s price to go up, but mass adoption is the name of the game. Senator Cynthia Lummis, from the state of Wyoming, is pursuing a route to eliminate the United States’ $36 trillion debt spiral - and you guessed it - it involves Bitcoin! This bill would have the US purchase 200,000 Bitcoins per year for the next 5 years, totaling 1 million! 👀 The approval for this bill may be closer than we think . . .