📉 ₿itcoin Dips! Don't Panic, We Predicted This! (2 August 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we have finally “filled the gap” that we have been sqwakin’ about for weeks now! 😂

Maybe this is the part where Bitcoin decides to move higher . . .

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - No Need to Panic - This is the Plan!

• What to Anticipate Next - Bitcoin Will Recover, But How Much?

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Bitcoin Torturer Walks Free With $1 Million Bond!

BITCOIN TECHNICAL ANALYSIS

Welcome to the month of August where we have started in the red and hopefully don’t stay there for too long!

As I sit on my cardboard box - as I sold my chair for more Bitcoin - Bitcoin sits at -1.84% so far in August and +6.12% for the 3rd quarter!

July ended at +8.13% which is slightly higher than the average of July since 2013 which is +7.60%.

So, how are we feeling about August, aside from the fact that the average Bitcoin performance since 2013 in August is +1.48% . . .

Statistically speaking, August is the 3rd worst performing month of the year by average - September being the worst and June being the 2nd to worst.

Don’t worry, we will be covering the month of September next . . . yay . . .

With all of this positive talk going on . . . let’s talk about Bitcoin current performance and if everyone is panicking from Bitcoin’s pullback.

But before we do, a word from today’s sponsor!

Thank you to Attio for sponsoring today’s newsletter!

We have been speaking about Bitcoin pulling back in price, or as we call it, “filling the gap.”

Good news! It appears that we have truly filled the gap that we first covered around the 14th of July.

Because of this, Bitcoin can move to a higher price without fear of a crash due to a lack of consolidation.

Bad news! Bitcoin’s bull flag formation is no more! Once Bitcoin moved below $115,620.04, it took our hopes and dreams with it haha.

No need to panic, we were hoping for this move to occur, and now that it has, Bitcoin can regroup and push even higher!

Speaking of . . . let’s take a look below and see what Byte has to say about all of this.

🤖 Byte the Bot: Bitcoin broke below key support at $115,620.04 but held above $111,871.67 which flipped it from a potential resistance to support.

Be on the lookout! Bitcoin has filled the price gap, but if Bitcoin breaks below $111,871.67 it will result in Bitcoin’s new all-time high delay past August.

Geez . . . that is a strong prediction for the month of August, Byte. However, he has a point!

If Bitcoin breaks below $111,871.67, it will reset progress from the price high that occurred on May 22 of this year!

Because of this, it will absolutely delay Bitcoin’s next all-time high.

However, don’t let this set the panic in . . . we have plenty of time! Don’t forget, October and November are historically massive months for Bitcoin!

Let’s take a look at our “What to Anticipate” section below and see what we are watching.

WHAT TO ANTICIPATE

As covered in Wednesday’s newsletter:

As we all know now . . . Bitcoin broke below $115,620.04 within 48 hours of our last newsletter being released.

If this doesn’t deserve at least a 2-star rating, I don’t know what does haha.

Now, enough with the celebrations and 2-star ratings, let’s focus on what is next to come!

📊 Which formations are on our radar? Bitcoin may have broken the bull flag formation, but it still holds $111,871.67 which is imperative!

If Bitcoin moves below $111,871.67, we will then test the $110,609.41 area and anticipate a bearish inverse cup and handle formation to form.

Now, what is Bitcoin recovers upwards? This is very possible as after a dip in price, two things will take place:

• Traders will “buy the dip”

• Traders will cover their short positions

Both of these actions above result in buying pressure thus the price will move higher!

Granted, this doesn’t mean that Bitcoin will not continue to move lower, but it will result in some type of short-term bullish pressure.

🌍 In a perfect world, what do we see? Did we already mention that we REALLY want Bitcoin to hold $111,871.67?

If held, we would anticipate for Bitcoin to follow the ascending support up to $115,620.04 where support lines converge on the 15th of August.

We predict around a 29% chance that Bitcoin breaks the all-time high this month, but a 74% chance that Bitcoin continues to hold the bullish area!

🧠 Our overall thoughts? As we mentioned in Wednesday’s newsletter - 2025 is starting to feel like 2017 more and more every day.

The 4th quarter of 2017 resulted in Bitcoin performing off the charts for three consecutive months:

• October = +47.81%

• November = +53.48%

• December = +38.89%

Could this year be a repeat? There is always potential but one day at a time!

In the meantime, watch if Bitcoin holds above $111,871.67. If so, will $115,620.04 turn into a resistance for upward movement?

Until our next newsletter on Wednesday, be safe out there!

BULL MARKET BULLETIN 📌

Suspected “Bitcoin torturer” Walks Free on $1 Million Bond If you missed the story in one of our previous newsletters, the context is just as it sounds in the title. John Woeltz was suspected on torturing an Italian millionaire in his New York City apartment for the password to his Bitcoin wallet. Two months on Rikers’ Island detention and a $1M bond later, he walks . . .

Something to Consider: The Dead Don’t Spend Bitcoin There is much hype around buying cryptocurrency and holding it for many years to come, but what if those years don’t come? No, this isn’t a life insurance ad . . . this is taking a step back and thinking of the plan of how to safely transfer cryptocurrency to loved ones . . .