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- ⏳ Bitcoin's Support - Running Out of Time! |Released 20 Sep 25|
⏳ Bitcoin's Support - Running Out of Time! |Released 20 Sep 25|
🤯 NBA Star Regains Access to Coinbase Account after 10 Years! Michigan Pursues Strategic Crypto Bill!
Jonathan Hamblin
September 20, 2025
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Welcome back to
BULL MARKET BYTES
Your byte of cryptocurrency insight where we envision a world of paying cash for Lamborghinis, Ferraris, and mansions . . .
Just waiting on Bitcoin to do its part and rocket to the moon! 😂
Here is what we have for you today!
📊 BLOCKCHAIN BREAKDOWN
Bitcoin remains positive in a historically negative month
Resistance and support are both in question
Long-short ratio may provide an assist to Bitcoin’s price
Bitcoin meets another “Y” in the road
📌 BULL MARKET BULLETIN
NBA star regains access to Coinbase account after 10 years
Michigan pursues strategic crypto bill
Massive newsletter updates are coming
BITCOIN TECHNICAL ANALYSIS
Bitcoin has made quite an interesting move as of recent . . .
September, known for its historically low return on investment for Bitcoin, continues to show us sideways consolidation.
As of now, Bitcoin is at +7.01% for the month of September.
This slight decrease from our last newsletter on Wednesday has also lowered our quarterly return from +8.57% to +8.19%.
Thankfully, not too drastic, but it could only be a matter of time before its plummets faster than my bank account on payday haha . . .
Let’s dive more into where Bitcoin may be going next - but before we do - a word from today’s sponsor, Motley Fool Money!
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In our last newsletter - sent every Wednesday and Saturday at 11:35am EST sharp 😉 - Bitcoin had a “Y” in the road and we knew there would be an answer in 72 hours!
Luckily enough for us, and our reputation, Bitcoin gave us answers that we need moving forward!
There were multiple variables that only the passage of time could answer . . .
Will Bitcoin hold ascending support?
Will Bitcoin break key resistance?
Will Bitcoin hold key support?
Let’s direct our attention to the 2 images below - the first from Wednesday’s newsletter and the second from today’s newsletter.
As we see from the second image compared to the first, Bitcoin did not hold the ascending bullish trendline.
We also see 2 other important details . . .
Bitcoin broke below key support at $115,620.04
Bitcoin broke above key resistance at $116,822.71
However - brace for the twist of this newsletter - even though both key areas were broken, Bitcoin recovered and is now consolidating sideways.
Let’s not forget, because of this . . .
Bitcoin continues to hold the bullish flag formation by consolidating between resistance and support.
Byte, what are your thoughts on all of this?
🤖 Byte the Bot: “Bitcoin fails to hold upward support, lowering Bitcoin’s short-term upward movement to $118,386.74 within 24 hours.
Shameless plug alert: The Bull Market Bytes’ newsletter is undergoing a massive revamp that will be releasing on 23 December - the 2-year anniversary!”
Thank you, Byte! We always knew you had love for the newsletter somewhere in your bolts and gears.
Let’s flip the page and take a look at our “What to Anticipate” section!
WHAT TO ANTICIPATE
As stated in Wednesday’s newsletter:
Due to resistance and support squeezing on the 20th of September, Bitcoin has 72 hours to decide on its next move . . .
Break resistance at $116,822.71 and follow upward support
Break support at $115,620.04 and follow a downtrend
Unfortunately, Bitcoin broke below support which caused a disruption in continuing its upward trendline.
This places Bitcoin - and our portfolios - in quite a predicament. We will explain . . .
With Bitcoin not holding the ascending support, this could lead to a price decrease. At the same time, Bitcoin still holds the bullish flag formation for a price increase.
Could this be another “Y” in the road for Bitcoin?
🌍 In a perfect world, what do we see? At this moment, Bitcoin holds key support at $115,620.04 which is key for upward momentum.
If Bitcoin breaks below and continues downward, Bitcoin will be in a “lower highs and lower lows” scenario - projecting long-term downward movement.
We want to see Bitcoin complete the bull flag formation by breaking above $116,822.71 and moving closer towards $118,386.74.
⚠️ Caution along the way! If Bitcoin breaks below $115,620.04, we are anticipating a move to ~$111,871.67.
Holding $114,422.09 would be imperative for the bull flag formation to continue, but with the ascending trendline breaking, chances for this are lowered.
🧠 Our overall thoughts? A pullback from Bitcoin is very possible however we can’t ignore that the long to short ratio for the past 4 hours is 50.61% to 49.39%.
Not an extreme margin by any imagination, but the slight long majority may assist Bitcoin is continuing upward.
For projections: Bitcoin must hold $115,620.04 in a month that is historically the worst return on investment for Bitcoin . . .
If Bitcoin can do that - and we move into October - we have very high hopes for Bitcoin to turn on the afterburners.
Until our next newsletter on Wednesday, watch Bitcoin to see if $115,620.04 can be held or if we brace for impact around $111,871.67.
Best of luck and be safe out there!
BULL MARKET BULLETIN 📌
Major Bull Market Bytes Revamp
We are very excited to announce that Bull Market Bytes will be undergoing a major revamp to the brand! This will include a redesigned website & social media account, new weekly content, and fresh designs! This will launch on December 23rd, our 2-year anniversary!
Michigan House Bill 4087 - which allows the state treasurer to invest up to 10% of funds for economic stabilization - has advanced to the committee stage. This bill is not limited to Bitcoin, which warrants the question, which other cryptocurrencies may they consider?
Kevin Durant has just now regained access to his Coinbase account nearly 10 years after he originally invested in 2016 - back when Bitcoin was ~$650! The question that many people have . . . how much money did he invest, and does he have enough to buy the team that he plays for? Haha.
DID WE HIT THE BULLSEYE? |