💎 Your Exclusive Bitcoin Analytics! (05 Oct 2024)

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Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where holding Bitcoin through the ups and downs can be quite tough on the body…

But don’t worry, once Bitcoin goes back up, it will make us feel like a million bucks!

Even though we may have slightly less hair and more wrinkles… 🤣

Let’s Explore Today’s Highlights

🧠 Fun Fact: HBO to Make Satoshi Claim?

📊 Bitcoin Breakdown: Bullish Momentum is Prevalent

📌 Bull Market Bulletin: Current News & Stories

🔮 Crypto Projections: Coming 15 October!

HBO to Make Satoshi Claim? 🧠

Through the many editions that we have released, we have covered multiple times of who may be…

The creator of Bitcoin… 👀

Now, the interesting part of this is that HBO is releasing a documentary next week that supposedly will reveal the true identity…

Even though it has been a mystery for 15 years and now they have all the answers…

EITHER WAY… 😂

There are now bets taking place on Polymarket to who the true identity will be revealed as…

And it is actually quite interesting… 🤔

The person that is currently in 1st place is Len Sassaman with a 62.5% chance of being Satoshi Nakamoto.

Len is actually one that we have not yet covered in a Bull Market Bytes edition, but this is what we know of him…

Born in 1980 in Pennsylvania, Len devoted much of his life to cryptography and protocol development. He was very keen on privacy and decentralization…

Very similar to what we see in Bitcoin and what it stands for. 😎

Len was a very well-known cyberpunk and worked for Network Associates on the PGP encryption software.

Unfortunately, he passed at the early age of 31 years old as he battled depression and took his own life.

In his honor, there is code that shows his face and kind words to him on Bitcoin’s blockchain.

The Legend that is Len Sassaman

Bitcoin Breakdown 📊

Well, this month is going quite different than what people anticipated…

People were hearing words like “Uptober” and expecting an immediate spike in Bitcoin’s value… 😬

However, October is not yet over, and we have many days to go for the prophecy of “Uptober” to be filled. 😂

Which brings us to our primary topic for today’s “Bitcoin Breakdown”…

Will Bitcoin be bullish or bearish?

But before we dive into all of the fun, let’s hear a word from today’s sponsor!

Thank you to Bullseye Trades for sponsoring today’s newsletter! 🙏

Now, let’s take a look at Bitcoin’s formation and you may be quite surprised by what is going on…

Bitcoin’s Weekly Movement

So, as we take a look at the chart below, we do see that the current candlestick to the right has broken the support line.

However, let’s look at one detail that keeps us going… 👀

On the current candlestick, there is a long wick at the bottom!

This shows us that there is a lot of bullish pressure, which is bringing the price back up through support, which is awesome to see!

And even though we did break through the line, our percentages are:

1. Bullish - 56.46%.

2. Bearish - 43.54%.

There is contributed to multiple reasons:

1. The three green candlesticks to the left of the current candlestick are a bullish pattern called the “three white knights”.

2. We have a wick that shows strong upward pressure.

3. We are holding the support line, even though it was initially broken.

Our next date to keep in mind is the week of the 14th of October!

The percentages that we have outlined are to see what will ultimately occur when this date hits…

And if it does continue in an upward patter, we may be on track for Bitcoin’s all time high break to occur sooner than expected! 🚀

🧠 Don’t forget! Just because a candlestick is bearish does not mean that a bullish movement is not being set up to occur.

Bull Market Bulletin 📌

Investor Makes Millions and Loses it All! When we think of investing, we think of someone trying to make money with an initial amount. Well, there is an investor that did just that! Christopher DeVocht made a future with Tesla options as his $88K turned into $415M! 🤯 Sounds like a great story, right? Well… there is a catch. Let’s just say, he wasn’t able to live the luxurious life he once thought… 😬

Cryptocurrency Continues to Become more Mainstream! When Bitcoin began in 2019, that was it. We had one cryptocurrency, and everything surrounded it until Litecoin was released. Now, as cryptocurrency is becoming more of a “hot topic”, we are seeing the development of crypto shifting from smaller developers to billion dollar corporations. So, what if I said that JPMorgan Chase and Citigroup have been building their own blockchain capabilities… 👀

Recent CryptoPunk NFT Sale Raises Suspicion… Let’s begin with the really exciting part of the story… CryptoPunk 1563 reportedly sold for 24,000 ETH, or $56.3 million! 😮 Now, let’s get to the very suspicious part of the story… the sale appears to have used a “flash loan”. What this means is that the funds were borrowed and repaid within the same blockchain transaction… potentially a transaction between the same person. Why would someone do this, you may ask? 🤷‍♂️ Well, sounds like someone is trying to hype up NFT’s because they are releasing their own line of NFT’s… 🙄

Crypto Projections 🔮 

We are just as excited as you are…

The crypto predictions section of the newsletter has been set for the 15th of October! 🚀

This is a key time as we move closer to 2025, which aligns to when past bull runs have taken place…

And we are looking for a piece of the action! 😎

Make sure to continue to tune in as we get closer to the release of this segment!

Your feedback is very important to us! ❤️

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