📉 Bitcoin's Next Move - Crash or Correction? (5 Feb 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin continues to tease us by bouncing above and below $100,000 . . .

I’d rather step on a Lego in the middle of the night then deal with this any longer. 😂

Here is what we have for you today!

📊 CRYPTOCURRENCY ANALYSIS

• Market Overview (7-Day) - Top Crypto Gains & Losses!

• Bitcoin Technical Analysis - What’s Next? Correction or Crash?
  

• What to Anticipate Next - Insight to Keep you One Step Ahead!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Crypto Czar Predicts "Golden Age", XRP Ledger Halts, Elon Musk's Access Concerns US Treasury, and more!

MARKET OVERVIEW (7-DAY)

BITCOIN TECHNICAL ANALYSIS

Bitcoin is really good at one thing . . . keeping us guessing which way it will move next!

It seems to be a flip of the coin if we maintain above or dive below $100,000.

On the 2nd of February, we saw a massive liquidation that brought Bitcoin down to $92,000 and not only that . . .

It erased $500 billion off the total cryptocurrency market cap!

The interesting part?

$350 billion of the $500 billion was recovered the following morning!

Could this be the start of a massive crash or was it a shakeout before the massive rocket happens?

We will cover exactly this — but before we do — a word from today’s sponsor!

Thank you to Analytica Investor for sponsoring today’s newsletter!

As we covered in our previous newsletter, February has historically been a positive month for Bitcoin’s movement.

Last year, February ended with Bitcoin +43.55 - right now we are sitting at -3.87%.

But keep in mind, it isn’t how you start but how you finish!

So why are we off to a slow start?

The tariffs that the United States proposed against Canada and Mexico has something to do with it . . .

But even so, there was quick recovery back to similar prices over night without any 100% resolution with the tariffs.

🧠 Our thoughts? This is a price shake-out for high equity investors to get a better price before cryptocurrency rockets towards Mars!

Let’s take a look at the Bitcoin chart below showing us daily movement - take it away, Byte!

As shown above, Bitcoin broke through our bottom support of the “bullish area” and then rocketed back towards $100,000!

When we take a look at this, we have to account for both sides.

Bullish Variables

1. Bitcoin Broke $100,000, but Recovered Quickly Towards $100,000

2. We are Holding Ascending Support

3. We are Still in the “Bullish Area”

Bearish Variables

1. Bitcoin Set a Downward Trend (Descending Triangle Formation)

2. Bitcoin May Have Recovered, but it Still Broke $100,000

And don’t forget, even though we broke below $100,000 - there is potential that Bitcoin will continue the bullish cup and handle formation!

🧠 This is interesting! With the chart shown above, there is a date that the bullish and bearish line intersect . . . the 13th of February!

Could this be an early Valentines Day gift to us?!

However, what if Bitcoin dives and continues to be bearish on this date?

Great question! Check out our “What to Anticipate” section below for more of our best kept secrets!

🧠 Bullish Fact! Bitcoin continues to consolidate between $90,000 and $108,000! Imagine a massive upward movement at this level!

WHAT TO ANTICIPATE

The million-dollar question is . . . when will Bitcoin break the all-time high?

Even though we have bullish variables, we are adding bearish variables . . .

As we said in our last newsletter:

And let’s not forget - February is historically a strong month for Bitcoin’s movement!

We anticipated a downward movement to hold the cup and handle formation — which occurred — and we are still on track for higher moves.

👍 What do we need from Bitcoin? We need to hold support as we approach the 13th of February!

This will also reconfirm the cup and handle formation which is projected to break the all-time high by early March.

👎 What if support isn’t held? Then we continue a descending triangle formation and approach closer to leaving the “bullish area”.

If the “bullish area” is broken below - then we would anticipate Bitcoin moving down to the “pullback area” . . . $73,822.43 to $81,337.62!

So, what are the events that could occur to make Bitcoin increase in value?

1. Political Events Finding Resolution

2. US Strategic Reserve Confirmed

3. Laws Passed that Positively Include Crypto Utility

Through analytics, we must see that history repeats itself — and I don’t know about you — but we are wanting to see another double-digit February!

🧠 Don’t Forget! Even though we are starting a downward trend, we are still in the “bullish area”! Don’t jump ship just yet!

BULL MARKET BULLETIN 📌

Cryptocurrency Czar Predicts Golden Age! Cryptocurrency may have just had a massive liquidation — around $500B in a day — but no need to fear! President Trump’s AI and crypto czar led a press conference where he stated that crypto is a “week-one priority for the administration”. Their plan? Well, let’s just say that a stablecoin bill has emerged and seems to be a key step . . . 👀

US Treasury Sued for Allowing Elon Musk Sensitive Access! Oh, Elon . . . what have you done now? Sources say that Treasury Secretary Bessent has granted DOGE (Department of Government Efficiency) full access to systems that include Medicare benefits, grants, payments to government contracts - including those that compete directly with Musk’s own companies! 🤯 Is this a little suspicious or is it just me?

XRP’s Ledger Halts Block Production! It’s never fun when a cryptocurrency’s blockchain stops - especially one that has been around since 2013! On the 4th of February, the blockchain halted for one hour at block height 93,927,173 prompting an immediate investigation. This may not be a good look for a cryptocurrency that wants to be part of the United States’ strategic reserve . . . 😬

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