👀 Bitcoin Struggles but Recovery is Possible! |17 Jan 26|

Welcome back to

BULL MARKET BYTES

In partnership with

Your byte of cryptocurrency insight where our 5-minute newsletter gives you the confidence to go another year in crypto . . .

No one said that being a crypto holder was easy! Haha!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

Even though Bitcoin is up 8.40% in January, our portfolios are yearning for more!

Don’t get us wrong, we love the movement that is occurring, but we have been waiting years for a true bull cycle and patience is running thin . . .

Like our hairline watching these crypto charts day in and day out haha!

Well, at least Bitcoin’s creator(s) is rolling in the dough . . .

📊 KEY STATISTICS

• Overall Market Capitalization = $3.22T

  • (10B decrease since Wednesday)

• Bitcoin Market Capitalization = $1.90T

  • (10B increase since Wednesday)

• Bitcoin’s ROI in January = 8.40%

📊 BITCOIN’S DAILY MOVEMENT

So, what have you missed since our last newsletter on Wednesday?

Bitcoin continues to follow our projected bullish cup and handle formation, which is a huge win!

On top of that, Bitcoin has converted key resistance into support at $95,052.66! However, it is still a dice roll if Bitcoin can hold it for the next 48 hours!

Big question on everyone’s mind . . . how much longer do we have to wait until Bitcoin breaks $100,000?

It is so close, the agony! We may be a little too dramatic, but it has been a long time coming and we believe it is around the corner. Why?

Two key variables are in our favor . . . a bullish pennant and a cup and handle formation - the perfect storm in our opinion.

If either of these formations continue, $97,995.63 is the next target followed by $100,000!

Take a look at our “What to Anticipate” section below to see more “goodies” that we have for you! (sounds weird, but we are going to roll with it haha).

🧠 MARKET PSYCHOLOGY

With Bitcoin in somewhat of a “funk” right now, we see it reflecting directly in the psychology of investors across multiple trading platforms . . .

We hate to be the bearer of bad news, but Bitcoin is being controlled by the bears.

• Long (bullish) traders = 48.95%

• Short (bearish) traders = 51.05%

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🔮 WHAT TO ANTICIPATE

As stated in Wednesday’s newsletter . . .

Bitcoin decided that it wanted to stay above $95,052.66 . . . but not by much!

We are currently watching a battleground of whether $95,052.66 will remain key support or convert to resistance.

📈 BULLISH SCENARIO

We remain optimistic with Bitcoin’s two current bullish formations . . . the bullish pennant and the cup and handle.

If $95,052.66 continues to hold for the next 72 hours, we easily project that $97,995.63 will be re-attacked, as it was previously on the 14th of January.

If Bitcoin does not hold $95,052.66 but holds $93,123.16, this is all part of the plan for the cup and handle formation!

📉 BEARISH SCENARIO

We hear it every day . . . Bitcoin is going to $0 or that we are in a bearish market.

We do not believe either of these however, we understand why there isn’t much optimism in the market.

Bitcoin is riding a fine line that could easily end the bull market. 

As Bitcoin fights tooth and nail for the next support level, we have witnessed time and again months of hard work can be lost in hours.

What could occur? Bitcoin could push back towards $92,064.05 and into the $80,000’s which could flip the market and cause mass panic . . .

👀 WATCH FOR THIS NEXT

Will Bitcoin hold the $93,123.16 - $95,052.66 area? We are confident that we will have our answer in the next 48 hours due to the compression in the daily chart.

A healthy pullback to $93,123.16 gives way for the cup and handle formation, but we cannot break below this area!

Keep in mind, a lot of news is circulating around Bitcoin’s institutional demand! This plays a direct hand in Bitcoin’s next move . . .

Unfortunately, we aren’t looped into news before it is released so we must rely on what the chart (and crystal ball) tells us haha.

🧠 OUR OVERALL THOUGHTS

We cannot dismiss the massive victory that Bitcoin currently has in January by being in the positive, especially after three consistently red months to end last year.

We do not believe that Bitcoin will break a new all-time high this month, but January could easily set the pace for the year . . .

Strap on your seat belt for some big moves this year!

To our fellow bulls, trade smart, stay safe, and may the bull guide your gains!

BULL MARKET BULLETIN 📌

Bitcoin Mimics 2022’s Bear Market Movement? Each day that passes without Bitcoin mooning is another day that confidence is lost in the market . . .

Quantum Computers Threaten Bitcoin’s Adoption! Imagine Satoshi’s 1 million Bitcoin wallet being hacked . . . these are concerns that haven’t been addressed!

BULLISH OR BULLSH*T? 🤔

🤝 Your opinion matters (we promise)! Give us a rating below and tell us what rocked, what flopped, and what we should charge at next!