📉 Bull Market Ending or Revival Coming? |Released 15 Oct 25|

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we all watch Bitcoin teeter on the edge of support and resistance . . .

Hopefully a strong wind doesn’t come by to push it over. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis

  • Bitcoin breaks major support line

  • The 2 bear formations that have us concerned

• What to Anticipate Next 

  • Bullish pressure is starting to build

  • Holding support is imperative

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

  • $15 billion has been seized from a scam empire

BITCOIN TECHNICAL ANALYSIS

As of this morning, Bitcoin sits at -1.9% for October, a drop from our last newsletter which was at -1.26%.

Believe it or not, this is the first year that Bitcoin has been red in October for the past 7 years!

With Bitcoin moving lower and refusing to gain support, the price continues to dwindle along with major support lines being broken.

This downward spiral warrants a few questions . . .

• Will Bitcoin ever reverse and aim for a new all-time high?

• Could this be the end of the bull market?

• Should we sell everything for trendy investments, like Beanie Babies?

Let’s dive into the answers to these questions - maybe not the Beanie Babies - throughout this newsletter, but before we do, a word from today’s sponsor!

Thank you to CoW Swap for sponsoring today’s newsletter!

With the cryptocurrency market capitalization moving from $4.32T to the current $3.80T, the crypto communities wait in anticipation for a recovery.

As Bitcoin continues its drop in price, we have seen multiple support lines broken that took months to create, seen at:

• $118,386.74

• $116,822.71

• $115,620.04

Now, Bitcoin has broken $111,871.67 which was critical to hold for Bitcoin to reverse in price.

The first image below is from the 11th of October with the second image being from this morning.

Bitcoin experienced a pullback in price once it drastically dropped, but we are now seeing a “slow bleed” as it moved from ~$116,593.99 to $111,675.16.

We see the 2 major support lines ($111,871.67 and $110,609.41) holding on for dear life . . . but bearish momentum may crash Bitcoin through these levels.

Bitcoin continues to hold 2 bearish formations:

• Bear flag formation

• Inverse cup and handle formation

The position news? The inverse cup and handle formation will break if sideways consolidation continues!

High influence comes from the investors and traders which currently sit at the levels shown below for the past hour:

• Short (bearish) traders = 51.54%

• Long (bullish) traders = 48.46%

Relief to see that bearish traders continue to decrease, but will a price reversal occur? Let’s take a look!

WHAT TO ANTICIPATE

As stated in Saturday’s newsletter:

It is unfortunate to see that Bitcoin has broken below the support at $111,871.67 which was imperative to hold.

Now, let’s talk about the “higher uptick” that we mentioned last newsletter . . .

With the major crash down in price, we would have loved to see Bitcoin move higher shortly afterwards to set a recovery level that wasn’t below support.

As we saw in the Bitcoin charts above, Bitcoin pulled back to the ascending support line at ~116,593.99 and ran away like a dog off its leash . . .

🌍 In a perfect world, what do we see? We must start a ritual dance for Bitcoin to hold above $111,871.67!

Even though the candlestick has broken through, there is not a confirmation from Bitcoin until the next candlestick forms.

If Bitcoin can hold above this level and work back towards $115,620.04, it won’t yet break the bear flag formation, but it will be a great next move.

⚠️ Caution along the way! Unfortunately, this hasn’t changed that Bitcoin still holds 2 bearish formations:

• Bear flag formation between $107,493.48 and $115,620.04

• Inverse cup and handle formation

To break the inverse cup and handle formation, Bitcoin needs to break above $116,822.71.

🧠 Our overall thoughts? The market is still in a limbo of which direction it wants to move next!

Even though Bitcoin has 2 bearish formations, we still have the volatility to change that in 72 hours or less.

Until our next newsletter on Saturday, watch to see if Bitcoin holds the $111,871.67 area . . .

If it does, we have confirmation that Bitcoin will bounce off of this level and high potential to lead to higher price levels.

If it doesn’t, say hello to $110,609.41 and possibly $107,493.48! Until next time, be safe out there!

BULL MARKET BULLETIN 📌

Feds Seize Record-Breaking Bitcoin Amount from Scam Empire

• Scams have stolen tens of billions from people around the world

• Officials have recovered $15 billion in funds so far