🚀 Bitcoin: Will it Pump or Will it Dump? |15 Aug 26|

Welcome back to

BULL MARKET BYTE

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Your byte of cryptocurrency insight where reading our 5-minute newsletter will give you the tools to impress your friends and family.

Or maybe not . . . either way, we are definitely worth the 5 minutes haha!

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 in August is teetering between having a positive or a negative return on investment . . .

Bitcoin sitting at +0.24% at the moment doesn’t sit with us too well.

However, the short term isn’t what the “big dawgs” are looking at . . .

💭 Think about it. If a multi-billion-dollar investment corporation is betting on Bitcoin, there is a level of confidence that comes with that.

I highly doubt they are in the business of losing money . . .

📊 BITCOIN’S DAILY MOVEMENT

August . . . once of the most boring months that we have witnessed . . .

With Bitcoin consolidating between $62,261.59 and $65,596.85, that alone is bound to put anyone to sleep haha!

So, how much longer do we have to suffer?

Even though Bitcoin did not break above major resistance at $65,596.85 on the 9th of August, we still have the 17th of August.

Our odds were at 45% for this level to be broken by the 17th of August, and it continues to hold true.

The good news? Bitcoin has established a major support at $62,261.59!

The bad news? Bitcoin’s current downward trend would make anyone nervous that the next move could be of Bitcoin breaking this newly established support.

Let’s keep in mind that Bitcoin moves heavily from world events and there is one that is coming up next week . . .

With the White House reportedly meeting with cryptocurrency industry officials next week, this could be a start in the right direction.

Now, let’s keep in mind, September is a historically red month - sitting at -3.08% as the average return on investment.

Are we optimistic that this meeting will change the tides and rocket Bitcoin to $100,000? Absolutely not! But it could be a step in the right direction.

Alright, enough of boring news! Take a look at our “What to Anticipate” section below for a more in-depth look at Bitcoin’s next move!

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🔮 WHAT TO ANTICIPATE

Check out below for our highlight from last Saturday’s newsletter!

🔮 Unfortunately, we didn’t have our crystal ball handy when making this prediction, so we were off by $300 haha!

With Bitcoin landing at ~$62,500, Bitcoin still holds major support, but this could be a ticking time bomb, eek!

📈 BULLISH SCENARIO

Bitcoin must continue to hold major support at $62,261.59!

With Bitcoin’s recent price pullback, we are confident that the next 72 hours are going to give us the answer that we seek . . .

📅 What about the 17th of August?

There is always potential that Bitcoin could break above $65,596.85 by this date, but chances have dramatically decreased . . .

Bitcoin may continue to consolidate sideways through August but that sure beats Bitcoin breaking major resistance.

Speaking of bearish things that could happen . . .

📉 BEARISH SCENARIO

Time for the bearish scenario . . . whoopie! 👎

Bitcoin’s consolidation can be viewed 2 ways . . . building a launchpad for Bitcoin’s upcoming rocket or that Bitcoin is highly lacking the bulls needed.

If $62,261.59 were to break, the next stop is $60,028.03.

These levels don’t concern us, but breaking below $57,758.58 does. Bitcoin below $57,758.58 hasn’t occurred since November of 2024!

This would be a huge gut punch to every crypto trader out there and could result in Bitcoin crashing even further!

👀 WATCH FOR THIS NEXT

Will Bitcoin continue to hold $62,261.59?

We are confident that the answer will arrive to us nicely wrapped in the next 72 hours . . . or as a punch to the face!

🧠 OUR OVERALL THOUGHTS

We continue to say it . . . we are still early in cryptocurrency!

Imagine holding 1 tenth of a Bitcoin in the year 2050 . . . Save this newsletter and refer to it by that year, you may be amazed haha!

In the meantime, be safe in the markets and may the bull guide you well!

BULL MARKET BULLETIN 📌

BlackRock Fuels Bitcoin’s Rocket With $14.04 trillion in assets under management, BlackRock says Bitcoin is going “significantly higher!”

El Salvador’s Bitcoin Experiment After 5 years of making Bitcoin a legal tender, the results are in!

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!