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- 📉 Crypto Crash or Market Manipulation?! $450B Wiped! |Released 11 Oct 25|
📉 Crypto Crash or Market Manipulation?! $450B Wiped! |Released 11 Oct 25|
👀 100% China Tariffs Send the Markets in a Downward Spiral!
Jonathan Hamblin
October 11, 2025
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Welcome back to
BULL MARKET BYTES
Your byte of cryptocurrency insight where Bitcoin has jumped from the highest mountain without a parachute.
Hopefully there is a trampoline at the bottom . . . 😂
Here is what we have for you today!
📊 BLOCKCHAIN BREAKDOWN
Bitcoin introduces 2 bearish formations
Bullish pressure falls lower
Bitcoin must hold major support
Market manipulation may be behind this
📌 BULL MARKET BULLETIN
President Trump announced 100% tariff on China imports
South Africans can now use crypto at 650,000 stores
BITCOIN TECHNICAL ANALYSIS
Yesterday sent shockwaves throughout the cryptocurrency community!
We go from Bitcoin positioning to create a new all-time high to a massive crash that sends Bitcoin to its same price on the 1st of September!
Now, we are starting to question . . . is this “Uptober” or “Octobear?”
With Bitcoin moving from ~$123,000 to $107,000 in a matter of minutes, Bitcoin has moved from +7.65% to -1.26% in October.
We have witnessed a slight recovery in price from Bitcoin, but is it enough to reignite the bull market?
Let’s take a look, but before we do, a word from today’s sponsor!
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With over $450 billion wiped from the cryptocurrency market in minutes, it is fair to question if the bull market has ended.
We saw a similar move in March of 2020 with the COVID-19 epidemic.
What you will find interesting is not only the fact that I need to increase my blood pressure medication after this crash in price . . .
But the fact that Bitcoin hit major support that we mapped out months ago and created a bungie like effect back to ~$114,000!
Below, the first image below is from 8 October - which shows a consolidation at the all-time high - and the second from the devastating crash.
Here is another example of the importance of charting! When Bitcoin crashed, Bitcoin bounced at major support at $107,493.48 and $111,871.67!
In the process, Bitcoin solidified 3 bearish moves:
Breaking the ascending support line
Breaking the bull flag formation
Creation of inverse cup and handle formation
Investors and traders are going to view this crypto crash as 2 separate things.
An opportunity to buy at a lower price point
The beginning of the bear market
We mentioned in our last newsletter that Bitcoin was “overextended and will result in a pullback,” but this is beyond unhealthy!
For a better idea of the market’s psychology behind the traders and investors, let’s take a look at the long-short ratio for the past hour!
Short (bearish) traders = 57.39%
Long (bullish) traders = 42.61%
So, what are our feelings on cryptocurrency’s downward spiral? Is the bull market ending or is this market manipulation?
WHAT TO ANTICIPATE
As stated in Wednesday’s newsletter:
Until our next newsletter on Saturday . . . see if Bitcoin holds $118,386.74.
If it doesn’t, $116,620.04 will be the next major support.
And to the cryptocurrency world’s surprise, Bitcoin hit 5 major supports along the way as the price crashed.
🌍 In a perfect world, what do we see? Even though Bitcoin has hit major support and recovered slightly, this may not be long lasting . . .
In a perfect world scenario, we need Bitcoin to hold above support at $111,871.67 at the very least!
We would have loved to see a higher uptick moments after the massive crash down in Bitcoin’s price, especially breaking above the ascending support line.
⚠️ Caution along the way! Bitcoin has created 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? This is solely our thoughts on this move . . . market manipulation!
Take SushiSwap diving to $0.19, Litecoin to $85, or XRP to $1.85.
Now, look at their price . . .
What a convenience it would be for someone to buy at that low level and immediately be in profit hours later . . .
There is no guarantee in the markets, but in our experience, let’s take a look at where the prices are in 3 weeks.
It wouldn’t be surprising if there is a full market recovery around the corner . . .
In the meantime, see if Bitcoin can retake $115,620.04 and then $116,822.71. If not, see if $111,871.67 will hold.
Until our next newsletter on Wednesday, be safe out there and no paper hands!
BULL MARKET BULLETIN 📌
South Africans can now use crypto at 650,000 stores via Scan to Pay
The transition from “hoarding to spending” Bitcoin expedites adoption
Trump announced a 100% tariff on China imports
Bitcoin drops from $123,000 to $107,000 in minutes
DID WE HIT THE BULLSEYE? |