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  • 🚀 Bitcoin's Next Move - Today Holds the Answer! (14 June 2025)

🚀 Bitcoin's Next Move - Today Holds the Answer! (14 June 2025)

🤯 NFT Millionaire Loses Everything to Taxes! PLUS: The Demographic for Cryptocurrency Holders Shifts - Ferraris and Lamborghinis aren't Priority!

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin pulls back yet again and everyone rubs their forehead in frustration.

I may not have eyebrows by the next bull run . . .

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN
  • Cryptocurrency Headlines - NFT Millionaire Loses Everything to Taxes, The Demographic for Cryptocurrency Holders Shifts - Ferraris and Lamborghinis aren't Priority!

BITCOIN TECHNICAL ANALYSIS

It’s never a fun sight to see Bitcoin pullback, especially when we are so close to the next all-time high!

With recent real-world news of Iran and Israel, the markets have pulled back and so has our hair line.

As expected, Bitcoin’s performance in June has pulled back from +4.54% in last Wednesday’s newsletter to +0.48%.

At the same time, the 2nd quarter has decreased from +32.33% to 27.18%.

However, in our last newsletter we did predict the second portion of the bullish cup and handle formation to occur.

A pullback is required for this second portion to be successful - so maybe this is a good thing . . .

Let’s go ahead and dive into what Bitcoin’s daily chart is looking like, but before we do a word from today’s sponsor!

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The recent pullback in Bitcoin’s price has everyone on the edge of what will occur next and if real-world events are going to crash the economy.

We have shaken the magic 8 ball, and the 8 ball has told us “Try again” which doesn’t help us too much.

Let’s go with the next best thing, our resident AI “Byte”, and see what he has to say about Bitcoin’s recent movement.

🤖 Byte the Bot: “Bitcoin’s support line has been broken by real-world news, essential that Bitcoin hold $104,442.54 and turns the key area from resistance to support.

Warning: Bitcoin breaking $104,442.54 will break multiple supports causing a re-test at $100,000. Bitcoin’s all-time high break is likely delayed until 1 July or later.”

Thank you for that awesome insight, Byte!

With the recent pullback, we have broken support that would have led Bitcoin to break the all-time high by the 19th of June . . . but there is still hope!

It is imperative that Bitcoin hold the ascending support line (furthest ascending green line) and re-test the previous all-time high by the 1st of July.

Even though it isn’t fun to watch, the recent pullback confirms what we stated in our previous newsletter . . . the completion of the cup and handle formation!

Let’s jump into everyone’s favorite section - “What to Anticipate” - and see what answers the magic 8 ball has for us.

WHAT TO ANTICIPATE

This is very important for Bitcoin to stay on track towards the all-time high . . . the completion of the cup and handle formation!

As stated, the recent pullback isn’t fun to witness but it is necessary for the completion of the bullish cup and handle formation.

Where it could go wrong . . . if Bitcoin breaks below $104,442.54 and there is a price confirmation, the bullish formation would be no more!

🌍 In a perfect world, what do we see? It is imperative that Bitcoin bounce off of $104,442.54 and continue to follow the ascending support line.

By doing so, we continue to follow the cup and handle formation towards completion and re-test the all-time high by the 1st of July.

With the candlestick on the 13th of June, we still see a strong bullish presence, but momentum can change quickly in cryptocurrency!

🤔 Our overall thoughts? Right now is a critical point for Bitcoin’s next move. When we say “right now” it is actually today!

The current candlestick is very bearish and could lead to lower price movement. Short sellers see this as opportunity and want to make money with the downward movement.

Keep an eye on if Bitcoin breaks below $104,442.54 and continues lower. If so, it’s going to be a bumpy ride for a little bit!

Don’t worry! Tuning in for our bi-weekly newsletter will keep you updated on price movement along the way!

Best of luck out there and see you in the next newsletter on Wednesday!

BULL MARKET BULLETIN 📌

Crypto Holders Want More Than Lamborghinis and Ferraris Believe it or not, cryptocurrency holders are more than just stereotypical “tech bro.” Reports show that 67% of holders are men, 31% are women - with nearly 17 million American women engaged in digital assets! The “HODL for Lambo” is out the window as a majority of owners are buying artwork and other fine items for investment with crypto! As crypto adoption continues, so does the use-cases and the target audiences!

From Making Millions on NFTs to Losing Everything from Taxes NFTs are something that many investors do not understand but it is hard to look away when people make millions from a JPEG! The story captures a musician that sold 3,700 songs at $800 each awarding him $3 million in Ethereum! Surprise, surprise . . . the price of Ethereum fell in 2022 when this occurred and the IRS came knocking wanting to tax not the current value, but the value of Ethereum at the time of cashing out . . .