📉 Bitcoin Tumbles, Recovery Sooner or Later? |16 May 26|

Welcome back to

BULL MARKET BYTE

In partnership with

Your byte of cryptocurrency insight where the market keeps us guessing . . .

One day we are eating at a 5-star restaurant and the next Top Romen. 😅

Hopefully this rollercoaster ride smooths itself out soon!

Here’s what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

Bitcoin and other cryptocurrencies have taken a hit in the past couple of days, but there is good news!

Charles Swabb - worth $12 trillion - is potentially launching Bitcoin and cryptocurrency trading this week to all 39 million clients!

Even as Bitcoin falls in pricing, a trillion-dollar companies is continuing to build and “bet on” Bitcoin’s return on investment potential.

Will you be there when Bitcoin hits $1 million?!

📊 KEY STATISTICS

• Overall Market Capitalization = $2.59T

  • ($90B decrease since last Saturday)

• Bitcoin Market Capitalization = $1.56T

  • ($40B decrease since last Saturday)

• Bitcoin’s ROI in May = +2.04%

📊 BITCOIN’S DAILY MOVEMENT

Well, it was fun while it lasted . . .

Since the beginning of May, Bitcoin moved from ~$75,991.99 to $82,813.86 in less than a week.

Now, Bitcoin is tumbling and heading back down to $75,991.99 . . . what gives!?

Last Saturday, we were celebrating that $79,322.81 had converted from major resistance to minor support.

Unfortunately, that victory was short lived, and Bitcoin has now decided to break below $79,322.81 and be on its way to $75,991.99.

The good news? Bitcoin has not yet reached $75,991.99 so there is potential that Bitcoin could still pursue $79,322.81 to re-establish support.

The bad news? Bitcoin’s sideways consolidation that could have broken above $82,813.86 was unsuccessful which caused a crack in support.

With Bitcoin taking a few steps back, the target date of 19 May for $88,472.61 to be challenge is no longer on the table. Boo!

Check out the “What to Anticipate” section below for more!

🧠 MARKET PSYCHOLOGY

Bitcoin’s strong start in May is starting to run out of momentum.

As Bitcoin’s price continues to fall, the bears are running the markets, and the bulls don’t stand a chance . . .

As of now, bullish traders make up 47.79% of the market while bearish traders make up 52.21%.

The market could flip and the bulls could be in charge, but we may have to wait for June as the month of redemption.

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🔮 WHAT TO ANTICIPATE

As stated in last Saturday’s newsletter . . .

Bitcoin’s sideways consolidation between $79,322.81 and $81,322.51 is imperative to cause a spark of momentum towards $82,813.86.

When Bitcoin’s price fell below this level, “short sellers” making money when Bitcoin goes down in price were there to answer the call . . .

📈 BULLISH SCENARIO

The only thing that can save Bitcoin’s price at this point is holding above $75,991.99!

Retracing above $79,322.81 could spark a cup and handle which could push Bitcoin back towards $81,322.51.

Let’s be honest. Bitcoin breaking above $81,322.51 may now be more far-fetched unless current world events take a positive spin.

If Bitcoin can regain $79,322.81, our bullish scenario is a sideways consolidation between $79,322.81 and $81,322.51 to build momentum for June!

📉 BEARISH SCENARIO

We never want to be the bearer of bad news, but Bitcoin isn’t helping its case right now.

With Bitcoin breaking below $79,322.81, we lost a great ally in this fight that is Bitcoin’s price going up . . . the bull flag formation.

Bitcoin ran out of momentum which caused the pullback in price which may ultimately lead to $75,991.99.

For the bearish of the scenario, Bitcoin could easily break below $75,991.99 and pursue towards $73,619.30.

This would cause Bitcoin to fall out of the “pullback area” which is not what any Bitcoin bull wants to see!

👀 WATCH FOR THIS NEXT

Will Bitcoin move towards $75,991.99 or $79,322.81?

It is the million-dollar question that keeps us up at night haha!

The next 48 hours is going to be imperative to which direction Bitcoin ultimately decides to go and we are just spectators in this madness.

🧠 OUR OVERALL THOUGHTS

We are absolutely still early into cryptocurrency.

Bitcoin’s price has been a bumpy ride since its inception over 15 years ago, but it always proves to reach higher highs.

What is on every cryptocurrency trader mind . . . will 2026 prove that the “4-year cycle” is obsolete or will we have to wait until 2029 for the next bull run?

If we don’t see momentum soon from Bitcoin, it may be time to jump in a time machine and crank it to January of 2029 haha!

Of course, time will always tell.

Until next time, be safe out there, and may the bull guide you well!

BULL MARKET BULLETIN 📌

Is this “Bitcoin Whale” Going to Sell? MicroStrategy is notorious for the amount of Bitcoin they own - about $63 billion worth - but now their strategy may be to sell . . .

Bitcoin Set to Re-Test $76,000? May still shows a positive return on investment for Bitcoin, but will it continue to tumble?

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!