📉 Bitcoin Slides - Stumble or Avalanche? (21 June 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we ask a question, shake the magic 8 ball, and hope for the best . . .

The magic 8 ball may be broken because it keeps saying “try again.” 😅

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - The Cup and Handle is in Jeopardy!

• What to Anticipate Next - Bitcoin May Revisit the $100,000 Area!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Solo Bitcoin Miner Beats Odds with $330,000 Block, 3 Cryptocurrency ETFs that have an Astonishing 95% Approval Rating!

BITCOIN TECHNICAL ANALYSIS

As we continue through June, Bitcoin is looking more bearish by the day.

We had anticipated that June may be a negative month as Bitcoin’s movement last June resulted in -6.96% . . .

But we are hopeful that Bitcoin will maintain close to the all-time high for July to turn this ship around!

As of 10:05am EST, Bitcoin’s 24-hour volume is $43,757,529,309.

Bitcoin’s performance in June is -0.62% - down -0.53% from Wednesday’s newsletter - and quarter 2’s overall performance is at +25.79%.

Even though Bitcoin is down this month, April yielded +14.08% and May +10.99% . . . which leads us to excitement for the next statistically high month . . .

OCTOBER!

We mentioned briefly in Wednesday’s newsletter that there are ETFs pending final approval in October.

On top of that, October’s average Bitcoin performance is +21.89%!

Don’t get us wrong, we are still excited for the upcoming months, but need to keep this in mind . . .

Bitcoin has yielded a positive return in October for the last 10 out of 12 years!

Let’s dive into today’s newsletter and see what anxiously awaits us - but before we do - a word from today’s sponsor!

Thank you to 1440 Media for sponsoring today’s newsletter!

We are amped for what 2025 has in store for Bitcoin’s - and alternative coins’ - performance, but we need to focus on the “here and now.”

Spoiler alert - the “here and now” isn’t looking too promising . . . but sometimes we need to “zoom out” and look at the big picture.

Even with Bitcoin’s slight pullback from the all-time high, Bitcoin sits at #6 by market capitalization - even surpassing Google!

Let’s take a look at Bitcoin’s daily movement below and decipher where we may be heading next!

Byte, take it away!

🤖 Byte the Bot: “Cup and handle formation on the verge of breaking! Key support broken at $104,442.54 but upward support holds.

Caution: Bitcoin approaches $100,000 support! Break in support will result in re-test of $97,995.63. Support and resistance cross on the 24th of June.”

Thank you, Byte! Yes, we are approaching dangerous waters as Bitcoin pulls back and nears the key area of $100,000.

When looking at Bitcoin’s daily chart above, we see that the cup and handle formation isn’t textbook, but it isn’t broken . . . just yet!

Granted, we will call it “broken” if Bitcoin drops below $102,512.32 (the bottom of the lowest candlestick in the handle).

The crossing of the support and resistance . . . we must keep this in mind and not forget about it as we do with our wedding anniversary every year . . .

The 24th of June (into the 25th of June) will give us answers that we are seeking.

• If Bitcoin’s price dips below support, the cup and handle formation is broken

• If Bitcoin’s price follows support, the cup and handle formation continues

Let’s fast-forward to everyone’s favorite section - “What to Anticipate” - and see what the magic 8 ball is predicting for us!

WHAT TO ANTICIPATE

Bitcoin’s current candlestick isn’t the most bullish we have seen, but we must understand, markets are going to fluctuate!

If we don’t give them “room to breathe” and have our finger on the sell button, we will never see any type of gain.

 📈 Which formations are we watching? As we said last week," All eyes are on how the bullish cup and handle formation is going to play out.”

We did break below the key area of $104,442.54, but as we said before, we have to give Bitcoin room to breathe and fluctuate.

Because of this, our firm number before the cup and handle formation breaks is $102,512.32.

If we do not see a break above resistance, Bitcoin will be led down to $97,995.63.

🌍 In a perfect world, what do we see? In a perfect world that will never exist . . . Bitcoin will rebound and break through resistance at $104,442.54.

With the recent world events, it is a breath of fresh air to see Bitcoin maintain above $100,000, but we cannot get comfortable!

🤷‍♂️ Is Bitcoin’s all-time high delayed? This is a question that we brought up last week . . . is it delayed - and if so - for how long?

At the beginning of the newsletter, we spoke on what October may hold for cryptocurrency returns with the ETF approvals - but let’s not easily overlook July.

As we are seeing, June is a consolidation period for what could be a massive gain in July and August.

🤔 Our overall thoughts? Is it just us or is June boring? Haha. We teach that consolidation is imperative to further upward movement.

June is definitely proving to be one of those times.

In our last newsletter, we said that the next 72 hours were crucial and that is exactly what happened . . . Bitcoin broke below support!

As we continue into next week, keep an eye on Bitcoin and if it maintains $102,512.32.

If Bitcoin breaks this key area and shows a price confirmation . . . well, it will be time to revisit our good friend “$100,000.”

We shall meet again in our next newsletter on Wednesday!

BULL MARKET BULLETIN 📌

The Cryptocurrencies with Extremely Favorable ETF Approval Odds ETFs (Exchange Traded Funds) are the next big thing towards adoption - well, some people think so. With their final SEC deadline weeks apart from each other in October, we are all watching Litecoin, Solana, and XRP. October could be a big month for these cryptocurrencies . . . we will have the popcorn ready!

The Solo Bitcoin Miner that Beat the Odds! Imagine mining Bitcoin without a pool of several other miners, taking an expensive chance, and striking gold! This sole miner did that when he solved the next Bitcoin block and was awarded $330,000! Could something like this happen again in the future . . . only time will tell.