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Welcome back to Bull Market Bytes, your weekly cryptocurrency insight where we deliver a little bit of this and a little bit of that in 5 minutes. 😂

Exciting topics for this week!

🥳 Fun Fact in Crypto

📰 Trump Embraces Crypto

📊 Bitcoin Analysis Review

📌 Bull Market Bulletin

📚 Cryptocurrency Terms

Fun Fact in Crypto 🥳

Did you know that Vitalik Buterin, one of the founders of Ethereum, started out as Team Bitcoin? 🤔

In 2011, Vitalik became interested in cryptocurrency and began writing for a publication called Bitcoin Weekly.

For each article that was written, the owner offered 5 Bitcoin (which was about $3.50 at the time).

…that is about $345,000 today! 🤯

Shortly afterwards, Bitcoin Weekly shut down due to insufficient revenue and he accepted a writing position at Bitcoin Magazine.

In 2014, Vitalik would deploy the Ethereum Blockchain, and all is history from there!

Vitalik Buiterin’s Influence in Crypto

Trump Embraces Crypto 📰

When Bitcoin was released in 2009, it was a technology that was new, and it received mixed reactions.

There were some that knew immediately that Bitcoin offered something that they had never heard of or seen before. 💯

Others were more skeptical and did not see any type of progression, especially in the short term.

And unfortunately, that was a majority of us at that time… 😓

So…why do we say all of this? 🤔

Because, with anything new there will be a level of skepticism…

AND because it is amazing to see how far Bitcoin has come! 👏

Throughout the years, there has been many difficult times for crypto enthusiasts…and let’s not forget the crypto winters…

SO MANY CRYPTO WINTERS… ❄️

Now, here we are in the year 2024 and a United States’ presidential candidate is embracing cryptocurrency!

And his name is…

🥁 Drum roll, please…like you didn’t already know… 😂

Donald Trump!

Politics aside…why is this YUGE for cryptocurrency? 🤷‍♂️♂️

For cryptocurrency to become a normal for everyday use on a mass scale, we need high levels of authority to embrace it and adopt its use case.

Even though we are already seeing many businesses, corporations, and leaders embracing cryptocurrency…

Guess what would be the icing on top? 🤔

Having a potential president of the country with the highest GDP being fully on board and wanting to integrate.

🧠 LET’S NOT FORGET! Trump has implemented cryptocurrency into his campaign…

Yes, it is for donations, but let’s view it differently for a second…

It is an acknowledgement that cryptocurrency holds value. 😎

Granted, there are many people that are skeptical that he is 100% on board with cryptocurrency.

Instead, they believe this is just a marketing tool to gain more votes for the upcoming election. 👀

However, let’s just say that hypothetically he wins the United States’ Presidential election…

Do you think that will be enough to spark a bull run? 🚀

Maybe, that is the next push for Bitcoin to break over $100,000 or even $150,000.

Only time will tell… ⏰

Bitcoin Analysis Review 📊

Let’s take a look into how Bitcoin is doing and if we have made any progress towards breaking the all-time high. 👀

For the chart below, we are taking a look at Bitcoin/United States Dollar on the weekly chart…

Which means that every candlestick is a week of time. 👍

This may look very familiar for some of you that saw this in a past newsletter…

Thank you for your continued support. 🙏

The only changes that have taken place is the placement of the Support and Resistance bubbles and the yellow line in the middle of the chart.

So, let’s begin with the yellow line.

This line shows us how Support can easily turn into Resistance.

Each of the points marked Support 1, 2, and 3, are areas that it acts as support…

Resistance 1 and 2 is where it shifts into resistance.

Now, should we be worried that is has now turned into resistance? 🤔

Well, before we get to that answer…

🚨 We interrupt this program to bring you…

…this week’s sponsor! ⭐

Special thank you to Anyword for sponsoring this week’s newsletter! 🙏

Now, back to the answer…

Somewhat, possibly… 😅

Maybe not the answer you were looking for… but we will explain further!

In a normal trading situation, without outside influences, then a change from support to resistance would be a negative…

However (dot) (dot) (dot) we have to keep in mind the outside influences…

ETF approvals, Presidential Candidate influences, and many more!

ALSO…let’s keep in mind, Bitcoin’s movement behavior.

In June of last year, Bitcoin had a green month and achieved +11.98%.

Granted…the 3 years previously in June were red months… 😬

*Whispers*…Don’t worry, we will cover this more in depth in June. 😂

ALSO…We still have the “Moment of Truth”, which shows that we should have a confirmed action soon…how soon? 📊

By the week of the 17th of June.

And with the confirmed action…it will either be a break upwards or downwards…

🧠 Keep in mind! It could be before this date, or it may even continue to consolidate…but, as always…

Only time will tell. ⏰

Bull Market Bulletin 📌

INSIDER DOSSIER: Hundreds of insider trades happen each week. Subscribe for free to see who is buying with weekly insider trading reports.

Silk Road Creator to be Set Free? If elected President, Donald Trump vows that he will free Ross Ulbricht from serving his two life terms plus 40 years for creating the darknet marketplace.

Michael Saylor, Bitcoin maximalist, Applauds Ethereum ETFs. Michael Saylor, known for his extremely bullish views on Bitcoin, states that the Ethereum ETF approvals are a plus for Bitcoin.

Elon Musk is Competing Directly with ChatGPT. In words of technology advancements, Elon Musk’s AI startup has raised $6 billion in funding and has some big plans set!

Celebrities’ X accounts are shilling memecoins…without their knowledge? Caitlyn Jenner and Rich The Kid, just to name a couple, were part of a scam ran by the same head of marketing that pumped and dumped the projects.

Cryptocurrency Terms 📚

For this week’s lesson, we are making sure that everyone is on the same page when it comes to…

Cryptocurrency terms! 😎

…and some terms that are trading overall… 😅

So, why is this important, you may ask?

Aside from impressing family members at the upcoming family reunion…a lot of information you find online will be using a lot of jargon. 🤣

🧠 Remember! Crypto wasn’t created in some MIT lab, it was made by the people, for the people…hence, a lot of slang is used.

Words such as “addy” for a wallet address and “ATL”, not for Atlanta 😂, but for the all-time low, are frequently used.

So, let’s go over a list together! 👍

Addy - Wallet address that is used for holding an asset.

Ape - Buying an asset without doing the proper research beforehand…just buying blindly.

ATH - All-Time High, the highest price point for an asset.

ATL - All-Time Low, the lowest price point for an asset

BTD - Buy The Dip…buying an asset when it drops down in price to be able to lower your overall average price.

Diamond Hands - Someone that buys an asset and will not sell no matter the reason.

Moon - Anticipated exponential upward movement in price.

NGMI - Not Gonna Make It…a term seen a lot in forums when someone is skeptical that the project will succeed.

Paper Hands - Someone that buys an asset and sells it at the earliest inconvenience.

Pump and Dump - A scheme where the asset will be hyped up and rocket up in value and then all assets are sold by the majority of holders.

WAGMI - We Are Gonna Make It…a term seen a lot in forums when someone believes in the project’s success.

Ready for your Lesson Review?

📚 Make sure to review the lesson above before answering!

Question: Which terms means for someone to buy an asset without conducting the proper research?

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