💎 Your Exclusive Bitcoin Analytics! (12 Oct 2024)

In partnership with

Advertise with us Next!

Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where we cover a little bit for everyone!

Except for the crypto bears… 😂

Let’s Explore Today’s Highlights

🧠 Fun Fact: Bitcoin Millionaire’s Story

📊 Bitcoin Breakdown: The Anticipation is Wild!

📌 Bull Market Bulletin: Current News & Stories

🔮 Crypto Projections: Coming 15 October!

Bitcoin Millionaire’s Story 🧠

As we get closer to the year 2025, which many believe is when the next bull run will be…

Let’s take a look at someone that did make it big in Bitcoin…

Being that we will be there soon! 😎

For day, we will be covering a gentleman that made over $1 million from his Bitcoin investment!

That gentleman is Kingsley Advani.

Mr. Advani’s story is slightly unorthodox, as many people would warn against the method that he used…

Which was pretty much selling all of his belongings… 😬

In 2012, he learned about Bitcoin through a friend that introduced him to it.

It was then that he began to buy a considerable amount of Bitcoin…

Again, through selling his possessions and taking thousands out of savings.

But, let’s be honest, 99.9% of crypto investors do that right now… 😅

In total, he bought $34,000 worth of Bitcoin and was able to turn that into over $1 million in less than 6 months! 🤯

Now, Advani travels the world and is an advisor for cryptocurrency startups…

Hopefully not telling them to sell everything they own as he supposedly did. 🤣

The Bitcoin Millionaire’s Story

Bitcoin Breakdown 📊

Welcome back to another “Bitcoin Breakdown”!

It seems like every time we do this segment; Bitcoin is doing something that is a cliffhanger…

Always a great thing for the blood pressure. 😂

As we get closer to our “moment of truth”, there are a couple of things that we are going to focus heavily on…

1. Cryptocurrency Heatmap (7-Day)

2. Bitcoin’s Weekly Movement

3. The “Moment of Truth”

This will give us an idea of where we currently are and where we are going, as far as movement.

Now, before we dive into the fun that is cryptocurrency analytics, let’s have a word from today’s sponsor…

RAID: Shadow Legends!

Lol, just kidding…

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

Without further ado, let’s dive into our first topic!

Cryptocurrency Heatmap (7-Day)

Oh, the cryptocurrency heatmap…

Always a great way to start the market analytics as it shows us an overall idea of what is happening.

And what is exactly happening at the moment? 🤔

One word… consolidation!

Consolidation is when the market is leveling off, which could be to build support or on the other hand…

When support is hanging on for dear life and it is about to break. 😬

As we see above, a majority of the top cryptocurrencies by market cap are slightly in the green…

Nothing looks overextended, just a heathy increase to the market. 👍

So, how may this look to Bitcoin’s current movement?

Let’s go ahead and take a look!

Bitcoin’s Weekly Movement

Bitcoin’s movement has been quite interesting in the past week.

Why exactly do we say this? 🤷‍♂️

Because we had Bitcoin break support, which turned into resistance, and now we have formed a strong bullish candlestick…

Makes my head want to spin! 🤣

However, I am not going to complain if Bitcoin wants to move upward… 📈

Especially since our “moment of truth” is only days away!

And with that said, I want to focus more on the “moment of truth” and the significance of this movement.

The “Moment of Truth”

To go with “Bitcoin’s Weekly Movement”, let’s take a look at the chart below.

As we can see the percentages have slightly increased from last week, as we are now:

1. Bullish - 22.42%

2. Bearish - 77.58%

This percentage is in anticipation for if we will break through resistance at our “moment of truth”.

So, this “moment of truth” … is this a “do or die” moment in Bitcoin’s search for a new all-time high? 🤷‍♂️

Well, no… not exactly…

This “moment of truth” (which is actually from the 14th of October to the 20th of October since it is weekly candlesticks) …

Is a gauge for if Bitcoin is going to continue higher at this time, or if a pullback is in our future. 😮

What is interesting about the movement right now is that we did break support, but now have a “bottom wicking candlestick” …

This shows there is bullish pressure that could potentially reverse back through the resistance line.

Now, what we need to keep in mind is…

Throughout the next week, Bitcoin will need to push through $67,000 to maintain an upward movement.

So, if we can move upward about $4,000 in a week, we are good… which may sound slightly impossible… 😅

At the end of the day… only time will tell…

🧠 Don’t forget! Bitcoin can move quick! Which can be a good thing, but also a bad thing if it is going down! 📈 📉

Bull Market Bulletin 📌

Michael Saylor Reveals $100 Trillion “Endgame”! For anyone that may not be aware, Michael Saylor is the co-founder of MicroStrategy. With MicroStrategy, the business plan has been to buy Bitcoin until we go bankrupt… 😂 Okay, that isn’t exactly the plan but they have been buying Bitcoin faster that a cheetah on caffeine (horrible dad joke).

So, what is the “endgame plan”? What about buying $150 billion worth of Bitcoin and turning into a Bitcoin investment bank? 🤔

Mt. Gox Extends Bitcoin Repayment Plan… The Mt. Gox repayment plan has definitely been a pain in everyone’s side. 🙄 Unfortunately, it has been a back-and-forth battle with everyone thinking one thing… “when is this going to be done with?!”. Well, it appears that Mt. Gox has now pushed the repayment plan back to October of 2025 as they still have 44,900 Bitcoin that is still unpaid… that is $2.7 billion! 🤯 

Spot Ethereum ETFs Pushed Back AGAIN?! Who is excited for the potential spot Ethereum ETF? 👀 Well, I hate to deliver bad news, but it appears that the SEC has once again pushed back the ruling. They are now saying that it has been pushed back from the 19th of October to the 3rd of December. Don’t worry though! We are still on track for a bull run that is becoming more promising as we approach 2025! 😎

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! ❤️

Subscribe to Premium to read the rest.