📅 Mark This Date - Bitcoin's Next Move! (9 Aug 2025)

In partnership with

Today’s newsletter is brought to you by Crypto 101! Receive timely investment tips delivered straight to your inbox!

Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where watching Bitcoin’s price has us sweating bullets!

It’s the only workout that we need for the week . . . 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - Bullish Cup and Handle Formation is Prevalent!

• What to Anticipate Next - All Eyes of August 15th!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - President Trumps Signs Order for Bitcoin to Be Added in Retirement Plans, Ethereum Approaches New All-Time High!

BITCOIN TECHNICAL ANALYSIS

August is shaping up to be a boring month when it comes to Bitcoin’s movement, but that doesn’t mean it isn’t an important month . . .

On a positive note (literally), Bitcoin sits at +0.96% in August- an increase from -1.44% in Wednesday’s newsletter.

The 3rd quarter has also seen a positive increase from +6.55% to +9.14%!

To put this in perspective, quarter 3’s average since 2013 is +6.27%, so we are on track when it comes to this time of the year.

However, it is nothing compared to quarter 4’s average since 2013 which is +85.42%!

Who else is ready for October to get here . . . and not only for the pumpkin spice lattes!

Let’s look at Bitcoin’s daily movement and see what else August may have in store for us - but before we do - a word from today’s sponsor!

Thank you to Crypto101 for sponsoring today’s newsletter!

In our last newsletter, we spoke on Bitcoin filling the price gap and its importance . . . but what is the next move we should be watching?

With the recent price move, Bitcoin has broken through resistance and currently holds support!

We should celebrate, right?! Well, maybe not just yet . . .

Let’s take a look below! The current (far-right) candlestick is a “shooting star” which is a very bearish candlestick!

Let’s redirect our attention to Byte and see what words of wisdom (or sarcasm) he has for us today!

Byte, take it away!

🤖 Byte the Bot: “Bitcoin’s recent move has developed the beginning of a cup and handle formation, indicating bullish behavior and continuation.

Warning! A triple top has formed at $117,614.48 which is causing downward pressure. For safety measures, strap on your seatbelts!”

Thank you, Byte! Yes, with the last three candlesticks, each candlestick went as high as ~$117,614.48 and pulled back down in price.

This causes a triple top formation which result in a bearish move as we are currently seeing with our current candlestick.

With the bullish cup and handle formation, holding $115,620.04 would be a preference but it is not a requirement right now.

Bitcoin can move below $115,620.04 in the upcoming days but cannot fall below this price come the 15th of August.

As long as Bitcoin holds the ascending support line then the formation will hold.

Our estimates still show the 15th of August as the formation deadline for if it holds or if it is broken.

Let’s fast-forward to the “What to Anticipate” section below to see where Bitcoin goes from here!

WHAT TO ANTICIPATE

As covered in Wednesday’s newsletter:

Bitcoin not only did exactly that, but it did one better for us . . .

Within 24 hours of our newsletter being released on Wednesday, Bitcoin not only stayed above $113,500 it surpassed resistance at $115,620.04!

📊 Which formations are on our radar? With Bitcoin’s recent upward movement in price, the ascending triangle formation was successful!

Because of this, all eyes are on the bullish cup and handle formation!

As previously covered, August 15th is the deadline for if it will hold or not . . . but what about afterwards?

We have 2 options at that point:

• The formation holds and we break $118,386.74 shortly afterwards

• The formation breaks and we continue towards $111,871.67

I don’t know about you, but I would rather see the 1st option come true!

🌍 In a perfect world, what do we see? Due to Bitcoin’s current candlestick being extremely bearish, we need to give it some room to breathe.

If Bitcoin moves below $115,620.04, it will not be the end of the world even though it may feel like it.

Granted, it may be the end of the world if the price falls below after the 15th of August haha.

On the bullish side of things, we would want bitcoin to hold above $115,620.04 for the next 72 hours and then push above $118,386.74.

This may be a tall order, and chances are around 29% that it does hold above support . . . but we can all dream, can’t we?

🧠 Our overall thoughts? Bitcoin is 99.9% on track to making a monumental move in the upcoming months.

Historical data points to the rocket in price taking place in quarter 4, and we have to go with the data that we are provided.

In the meantime, see if Bitcoin holds $115,620.04 for the next 72 hours and if a bullish move towards $118,386.74 takes place.

If Bitcoin breaks below $115,620.04, let’s all hold hands and hope that it holds ~$114,000 along with the ascending support line.

See everyone in Wednesday’s newsletter, and until then, be safe out there!

BULL MARKET BULLETIN 📌

Ethereum Approaches a New All-Time High As cryptocurrency prices change from ripples in the water to waves, Ethereum is now only ~$600 from its next all-time high! In recent news, Sharplink Gaming has acquired 77,210 ETH worth ~$295 million at the same time that Ethereum’s price breaks through resistance levels. Is the next all-time high around the corner?

President Trump’s Bitcoin Retirement Plan President Donald Trump has signed an executive order that directs the Labor Department to make it easier for cryptocurrency to be included in 401K plans! According to 2024 estimates by Bitwise, around $8 trillion is held in 401K plans . . . a massive untapped market for cryptocurrency exposure!