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- 💎 Your Exclusive Bitcoin Analytics! (16 Oct 2024)
💎 Your Exclusive Bitcoin Analytics! (16 Oct 2024)
Bitcoin is Surging! 🚀 PLUS: An ETF has been Filed for this TOP CRYPTO! 🤯
Jonathan Hamblin
October 16, 2024
Sponsored by
Welcome to Bull Market Bytes!
Your byte of cryptocurrency insight where everyone is on the end of their seat anticipating Bitcoin’s next move…
We will get the popcorn ready! 🍿
Let’s Explore Today’s Highlights
🧠 Fun Fact: Bitcoin Millionaire at 18
📊 Bitcoin Breakdown: Bitcoin is Surging!
📌 Bull Market Bulletin: Current News & Stories
🔮 Crypto Projections: Bitcoin in 2024-2025
Statistics as of: 16 Oct 24 @ 8:24am EST
Bitcoin Millionaire at 18 🧠
As Bitcoin has made a strong move upward and everyone is getting hyped up, let’s take a look at a success story! 💰
For today, we will be speaking about Erik Finman. The self-proclaimed youngest Bitcoin millionaire…
And that was at the age of 18 years old! 🤯
If only I wasn’t buying Pokémon cards and Furby’s, thinking that they would be worth millions in the future… 🤣
At the age of 12 years old, Erik bought $1,000 worth of Bitcoin.
What 12-year-old has $1,000 you may be asking?
Maybe he mowed about 100 lawns… I’m not sure… 🤔
Either way, you are going to love the story of how he heard about Bitcoin!
When attending a protect with his brother… yes, you heard that right…
He saw a guy with a Bitcoin shirt on and asked his brother what that logo was.
His brother answered with “it’s going to end Wall Street, bro.” 👀
Love the story so far? Click below to read more!
Bitcoin Breakdown 📊
What a massive move that Bitcoin has done within our current weekly candlestick! 🚀
We were waiting for the “moment of truth”, and we are still on the edge of our seat to see if Bitcoin can hold.
Even as we type this, Bitcoin continues to push upward…
But is a massive pullback going to be the result of the massive push upward? 😬
Well… let’s dive a little bit more into Bitcoin’s recent movement and what we need to be on the lookout for.
We will be covering:
Bitcoin’s Weekly Movement
Our Next Steps
But before we do… a word from today’s sponsor!
What do Nvidia and Amazon have in common?
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Well, other than trillion-dollar market caps. Both Nvidia and Amazon chose to collaborate with Miso. Miso’s the leader in AI-powered kitchen robots. That’s why Nvidia offered Miso its premier AI vision tech, and Amazon handpicked Miso to partner and use its RoboMaker simulation environment. Now, Miso launched their first commercial AI-powered robot, and it sold out in seven days. On the back of that success, they’re focused on scaling to 170+ US fast food brands in need.
Thank you to Miso Robotics and remember everyone, invest wisely! 😎
Now, back to our main event… Bitcoin!
Bitcoin’s Weekly Movement
It is an amazing sight when Bitcoin is climbing towards the all-time high, and the question we have to ask ourselves…
When is the right time to break the all-time high? 🤷♂️
A lot of people would answer “NOW”, but if we take a step back and look at everything…
The best time for Bitcoin to break the all-time high is when everything aligns, like the perfect storm! 😃
When take a look at candlesticks, they are our insight to the psychology in the markets…
Being that we can’t interview every single Bitcoin trader. 😅
With long green candlesticks, everyone is thinking “BUY BUY!”, but some traders are viewing it as a great time to sell…
On top of many other variables, that is why we need the perfect storm.
And now with all of that said, let’s take a look at Bitcoin and see what the market is telling us…
Bitcoin’s Weekly Movement
When we take a look above, we see a massive green candlestick which is awesome!
It even looks like we broke through resistance… so why is there still a chance percentage of:
Bullish - 68.74%
Bearish - 31.26%
Well… we have to keep in mind that these are weekly candlesticks that encompass 7-day movement.
Even though it broke through resistance doesn’t mean it won’t pullback below it before the end of the week. 👀
This weekly candlestick ends on the 20th of October, so we have plenty of time for futher movements…
Make sure to grab your popcorn if you haven’t already. 🤣
So, with all of this said, what should we anticipate next?
Our Next Steps
For us to keep a bullish momentum and trendline, we need to stay above $66,500 for the duration of this candlestick…
Ultimately, by this Sunday… 📅
However, it is very possible that Bitcoin will pullback as we are now becoming overextended.
As always, time will tell but don’t miss out on our edition this Saturday for a closer look!
🧠 Don’t forget! Don’t underestimate Bitcoin’s volatility! It has moved $6,000 in a few days… and when it moves it moves!
Bull Market Bulletin 📌
Cryptocurrency Experiences a $407 Million Inflow! Throughout the time that Bitcoin has been around, we have seen many influences to its price. One of the latest was in 2020 when the COVID pandemic sent the markets into a spiral! 😬 However, we are starting to see a strong turn in the market as Bitcoin moves to challenge its previous all-time high price! What is happening?! 😮
The Next Cryptocurrency ETF Has Been Filed… There is a lot of attention on cryptocurrency, and we must admit that it has been a big year so far for Bitcoin! The first spot Bitcoin ETF was launched earlier this year, the United States presidential candidate Donald Trump has endorsed Bitcoin, and we also had a break of Bitcoin’s all time-high! 😎 As we turn our attention to cryptocurrency as a whole, the question still arises… what will be the next cryptocurrency ETF? 🤔 Well, we may have an answer to that.
Where did Tesla’s Bitcoin Move To? At this point, we should be aware that Elon Musk has some faith in Bitcoin… I mean, Tesla did own around $1.5 billion worth of Bitcoin in 2021! So, this isn’t about if Elon Musk owns Bitcoin, but where did the Bitcoin go? Reports state that Tesla has moved $760 million worth of Bitcoin to unknown wallets! 👀 It is unclear if this is a move to sell Bitcoin or possibly to set up some type of business venture… either way, people are wondering what is going on?! 🤷♂️
Crypto Projections 🔮
Bitcoin will be the first cryptocurrency that we cover throughout our weekly “crypto projections”!
🧠 Please remember! These are only projections and should not be taken as guidance for buying and selling an asset!
We are just going off of what the crystal ball tells us… 🤣
If you would like to see changes in the information we provide with the projections, please let us know in the feedback below…
We always love feedback from our audience!
Bitcoin Current Price: $67,649.97
Current Market Cap: $1,336,042,178,522
Previous All Time High: $73,750.07
Previous All Time High Date: 14 March 2024
Potential Low Price (2024-2025): $139,187.55
Potential High Price (2024-2025): $205,221.19
Your feedback is very important to us! ❤️
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