📉 ₿itcoin: Are We Exiting The Bull Market? (20 Aug 2025)

👀 Google Takes Large Stake in Bitcoin Mining! PLUS: Bitcoin-Related Domains Head to Auction!

Author

Jonathan Hamblin
August 20, 2025

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin continues to plummet while our blood pressure simultaneously spikes!

At least something is making a new all-time high around here . . . 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

  • Cryptocurrency Headlines - Google Takes Large Stake in Bitcoin Mining, Bitcoin-Related Domains Head to Auction, and More!

BITCOIN TECHNICAL ANALYSIS

What a wild ride Bitcoin has shown us for the past 72 hours!

If you thought moving from ~$124,000 to $17,500 was bad . . . trying all the way down to ~$112,500!

With this recent move, Bitcoin’s performance in August sits at -1.94%, a flip from green to red.

The 3rd quarter is maintaining green at +6% but how much longer do we expect that to last with the recent pullback in price . . .

Let’s take a look at Bitcoin’s daily movement and see what could be expected to occur next, but before we do, a word from today’s sponsor!

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After Bitcoin’s decline of over $10,000 in the past week, there is a major question in everyone’s mind . . .

Is this the end of the bull run for 2025?

It is very easy to believe so with this massive downward pressure, but we have a couple of positives to keep in mind!

  • Bitcoin is still maintaining the “bullish area”

  • Bitcoin was in the same position on the 3rd of August this month

After Bitcoin’s previous all-time high, the price went from ~$122,126.23 down to $111,871.67.

This eventually resulted in Bitcoin breaking a new all-time high on the 14th of August at $124,457.12.

Let’s pass the mic to Byte and see what his thoughts are on this downward pressure.

🤖 Byte the Bot: The bear flag formation has completed its move, driving Bitcoin’s price down through support at $115,620.04.

Caution! Support is being maintained at $111,871.67 but if this level were to break it would be a massive reset for Bitcoin’s movement!

Thank you, Byte!

In the chart above, the green candlesticks are as long as the red candlesticks which shows a balance in the movement . . .

However, it is never fun to see the price of Bitcoin moving lower and lower!

As Byte said, Bitcoin’s key area of support stands at $111,871.67.

Breaking this key area would keep Bitcoin in the “bullish area” but it would greatly decrease any chance of a new all-time high this year.

📅 What about the 18th of August? As we predicted, this date held a lot of weight with what Bitcoin’s next move would be.

As you see above, when the two lines converged - Bitcoin’s price drastically decreased!

Let’s take a look into our “What to Anticipate” section and see if panic will continue or if there is a light at the end of the tunnel.

WHAT TO ANTICIPATE

As covered in Saturday’s newsletter:

🧠 Our overall thoughts? We are not surprised in the slightest that Bitcoin plummeted in price after the recent all-time high.

With the major rejection that happened on the 11th of August it was too soon for it to be any different on the 14th of August!

By our next newsletter on Wednesday, we would have seen if Bitcoin redirected and began to follow the upward support . . .

In the meantime, as our magic 8 ball is a little fuzzy . . . If Bitcoin breaks $115,923.08 then strap your seatbelts on for a downward spiral!

As we predicted, we all have the answer to how Bitcoin reacted and unfortunately it did not redirect with a bullish behavior.

 📊 Which formations are on our radar? With Bitcoin’s recent push below $115,620.04, the bear flag formation was successful and drove the price lower.

Unfortunately, we do see a massive bearish inverse cup and handle formation forming with the cup starting on the 3rd of August.

The positive? If Bitcoin consolidates at this level, it will void this bearish formation.

The negative? If Bitcoin consolidates at this level, it will form a different bearish formation . . . another bear flag formation.

🌍 In a perfect world, what do we see? We need a steady incline of Bitcoin’s price to $115,620.04 so it can consolidate between $115,620.04 and $118,386.74.

The next support and resistance converge is on the 17th of September.

If Bitcoin does not break above the descending gold line in Bitcoin’s daily chart above by then, it will break key support at $111,871.67 . . . not good for us!

🧠 Our overall thoughts? We don’t believe that the bull run in 2025 is quite over, but there are bumps along the way.

As we have mentioned numerous times, Bitcoin’s slight breaks into a new all-time high hasn’t helped anything but they have been necessary.

If Bitcoin can consolidate and then “re-attack” those levels, there is a higher chance of a strong breakout now that the all-time high is established at $124,457.12.

In the meantime, watch to see if Bitcoin breaks below $111,871.67! If it does, $110,609.41 is the next support!

BULL MARKET BULLETIN 📌

Google Takes Stake in Bitcoin Mining! Multi-billion-dollar companies continue to jump on board with the future that is Bitcoin. It has been announced that Google now owns 14% stake in Bitcoin mining company TeraWulf! This announcement increased TeraWulf’s stock price by 17% at the open of the stock market on Monday.

Bitcoin Related Domains Head to Auction House Believe it or not, people will pay big money for a specific web address. In 2014, BTC.com was sold for around $1 million while ETH.com was sold for $2 million in 2017. With early Bitcoin domains from 2010 heading to auction, it is possible that they could go for $10 million or more!