📉 ₿itcoin's Crossroad - Revival or Reversal! (23 Aug 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we give you Bitcoin analytics that put a smile on your face with our witty banter . . .

Unfortunately, Bitcoin’s movement alone won’t do that at the moment. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - Bearish Formation Continues!

• What to Anticipate Next - Two Key Areas to Watch!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Bitcoin Retirement Plans Could Fuel a Rally to $200K, Dubai Now Allows Bitcoin to Pay for Rent & More!

BITCOIN TECHNICAL ANALYSIS

Don’t worry, you are not the only one that is holding your breath while watching Bitcoin decide if it wants to move higher or lower!

As of now, Bitcoin’s August performance is at +0.59% - a switch from our last newsletter when it was at -1.94%.

Bitcoin has added to its 3rd quarter performance which now sits at +8.74% - a 2.74% increase from Wednesday’s newsletter.

Other notable statistics, Bitcoin’s overall market capitalization of $2.3T which places it as #7 on the overall market cap list, just above silver which sits at $2.1T!

24-hour volume, you may ask? It is currently +43.49% within the past 24 hours and at a staggering $83.93B!

So, where does Bitcoin go from here? Let’s take a look at the daily movement, but before we do, a word from today’s sponsor!

Thank you to Synthflow for sponsoring today’s newsletter!

Through our last newsletter, we highlighted multiple times that Bitcoin must hold the $111,871.67 area!

This would ensure that there wasn’t a major crash in price that could send Bitcoin barreling back towards the low $100,000 area.

Interestingly enough, Bitcoin held this key area but also broke below it . . . how is this possible?

If we take a look below, we can see a small amount of the green candle broke below $111,871.67 but immediately rocketed up to ~$117,392.56.

🧠 This is what we call a “false break”.

If someone is anticipating a move and see a “false break,” they know an overexaggerated move in the other direction may occur - as we all witnessed with Bitcoin below!

Let’s take a look below and see what our resident AI, Byte, has for us today!

🤖 Byte the Bot: Bitcoin broke major support at $111,871.67 with an immediate spike in buying pressure that moved it ~$6,000 in the opposite direction.

Warning! The bearish cup and handle formation continues to take shape! This may cause a re-test at $111,871.67 which has increased chances of a drop in price!

Thank you, Byte! As we see, there is good news and bad news . . .

• Good news: Bitcoin has held the $111,871.67 major support area

• Bad news: The bearish cup and handle formation may cause a re-test

If the bearish cup and handle formation continues to take shape, we may see a re-test of the major support . . .

📅 Which dates could a re-test occur? There is a strong probability that the re-test will take place between the 25th of August to the 30th of August!

Of course, this could change if Bitcoin’s consolidates sideways or if Bitcoin holds support above $115,620.04.

Let’s take a look at our “What to Anticipate” section below and get an overall look at what could occur next!

WHAT TO ANTICIPATE

As covered in Wednesday’s newsletter:

Luckily, when the “false break” occurred on the 22nd of August, it broke the bear flag formation which is great news for Bitcoin holders!

However, we are currently dealing with the bearish cup and handle formation which can only be broken by one of two things . . .

• Option 1: Bitcoin breaks and holds above $115,620.04 making it unsuccessful

• Option 2: Bitcoin breaks below $111,871.67 making it successful

🌍 In a perfect world, what do we see? We would love for Bitcoin to consolidate between $115,620.04 and $124,457.12.

This would allow a couple of things:

• Bitcoin would break the current bearish formation (inverse cup and handle)

• It would build pressure to allow a more exaggerated upward movement

As we have said numerous times, we do not want Bitcoin to break a new all-time high . . . not right now at least!

🧠 Our overall thoughts? We believe that Bitcoin has more “fuel in the tank” when it comes to movement in 2025!

Ever though we may currently be in a bearish formation, that can switch overnight . . . as we have seen numerous times!

At the end of the day, Bitcoin is consolidating near its all-time high which is contrary to what we normally see after a new all-time high.

In 2017, Bitcoin broke the new all-time high of $20,000 and then fell back down to $3,500 . . . in 2021, a massive pullback also occurred . . .

We have not yet crashed (knock on wood), which shows us that we are still in the bull market and quarter 4 may hold the results we greatly desire!

Until our next newsletter on Wednesday, watch to see how Bitcoin reacts at $111,871.67 or if it breaks $115,620.04.

This holds the key to either Bitcoin continuing in a downward spiral or the beginning of an epic revival in price!

BULL MARKET BULLETIN 📌

Bitcoin Retirement Plans Could Fuel Bitcoin Rally Despite Bitcoin’s recent pullback in price from an all-time high of $124,457.12 to ~$115,000, analysts predict that digital assets in US 401K plans could unlock billions in new inflows - rocketing Bitcoin to over $200,000!

Renting an Apartment Using Bitcoin Have you ever wanted to use Bitcoin to pay your rent? Probably not as you are waiting for it to hit 1 million haha! For the sake of the story, Dubai is now allowing tenants to pay rent with Bitcoin! Let’s continue to add more utility for Bitcoin!