💎 Your Exclusive Bitcoin Analytics! (09 Oct 2024)

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Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where the crypto market may be unpredictable…

But our diamond hands are not! 💎

Let’s Explore Today’s Highlights

🧠 Fun Fact: HBO Names Their Satoshi

📊 Bitcoin Breakdown: Get Ready for a Pullback

📌 Bull Market Bulletin: Current News & Stories

🔮 Crypto Projections: Coming 15 October!

HBO Names Their Satoshi 🧠

As a continuation from our last newsletter, we spoke on HBO releasing a special titled “Money Electric: The Bitcoin Mystery”.

This documentary was very hyped up as it was supposedly going to name their idea of who is Bitcoin’s creator…

The legendary Satoshi Nakamoto! 😎

Now, the interesting part of this is that no one saw it coming for who they claim to be Satoshi…

It wasn’t the very well-known cryptographers that many people have been speculating.

No, it was someone that wasn’t even on the list of potentials…

Which may just be that they are very far off… or absolutely correct… 🤣

The man they named is Peter Todd. 👀

Yeah, probably doesn’t ring a bell with many people…

Even they it may not, Peter has actually had massive contributions to Bitcoin over the years and has been around since the beginning.

Now, for the more interesting part…

As we all may know, Satoshi supposedly owns around 1.1 million Bitcoins spread throughout various wallets.

This is the highest amount to be owned by one single person… 😮

It is very interesting that there is supposedly a chat log message written by Peter that says he claims to be the":

world’s leading expert of how to sacrifice your Bitcoins… I’ve done one such sacrifice and I did it by hand”…

Is this saying that he is the world leading as he scarified access to the 1.1 million Bitcoins? It’s hard to tell, but very interesting to say the least…

HBO Makes Their Satoshi Nakamoto Claim

Bitcoin Breakdown 📊

Well, I suppose it was fun while it lasted.

In the last few days, we have had bearish pressure that has driven Bitcoin lower and the prophecy of “Uptober” may not be fulfilled. 📉

As you will see in this Bitcoin Breakdown, all hope isn’t necessarily lost for Bitcoin…

But upward movement is becoming more difficult, especially since we are closing in on our “moment of truth” …

The 14th of October. 👀

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

Thank you to 1440 Media for sponsoring today’s newsletter! 🙏

Now, let’s take a look at Bitcoin and see if all hope is lost or if a reversal may be in our future…

Bitcoin’s Weekly Movement

Bitcoin’s recent movement has been very interesting to follow…

To say the least. 😅

We went from having an ascending triangle formation, which is bullish…

To having the “three white soldiers” pattern, which is also bullish…

And now we have broken support and have the second most bearish candlestick as our current candlestick…

Let’s take a look below and see how everything has changed in the blink of an eye.

As you will notice, the support line that is crossing on the 14th of October has been broken and our percentages for breaking upward are now:

1. Bullish - 12.84%

2. Bearish - 87.16%

So, why exactly these percentages now?

Being that we broke support and have the second most bearish candlestick as our current candlestick is never promising…

Also, the top of the wick on the current candlestick touches the support line and then has moved further down.

This means that the candlestick is changing the support line to a line of resistance… 😬

But, that does not mean all hope is lost…

There is a slight possibility that Bitcoin will make a massive move during this weekly candlestick and continue upward…

But the chances and much lower and we are running low on time…

What is Next?

Even though we may not meet the “moment of truth” for the 14th of October, does not mean that the 4th of November is lost… 😃

We may move slightly lower, build support, and then continue upward at that time.

And let’s keep this in mind…

Bitcoin is still around $62,000 PRE BULL-MARKET RUN! 🚀

It is easy to imagine Bitcoin breaking through $100,000 when the time is right!

🧠 Don’t forget! Support and Resistance lines will be broken along the way. Always have a “Plan B” for what you are anticipating…

Bull Market Bulletin 📌

Bitcoin Whales have Entered the Building! It is exciting to see that we are now having an influx of new Bitcoin investors. Firstly, addresses that hold Bitcoin for less than 155 days represent 48.8% of Bitcoin’s realized cap… that is huge! 🚀 That is ultimately showing us that the amount invested by new Bitcoin “whales” is up 13X this year to nearly $108 billion! 🤯

Crypto.com Sues the SEC to “Protect the Future of Crypto”! When Bitcoin began, there wasn’t too much of a threat because… well, a majority of people thought that it was a joke. Let’s fast-forward 15 years and there has been so much adoption that we have millions of people fighting for the cause. And with those millions of people, we have billion-dollar companies ready to fight to protect Bitcoin’s expansion… and I am sure also their wallet… 😂

Experts Believe Trump Would Consider Robinhood Exec to Lead SEC. We all know that the United States’ Presidential election is right around the corner. Now, with that, I know there are many people in crypto that are thinking the same thing… will this have a major impact of the crypto prices? Well, one thing that may cause a lot of hype in the crypto community is a change in the SEC… being that he wants to sue every crypto known to man… 😅 Experts believe Trump will bring in a potential pro-crypto SEC…

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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