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- 💎 Your Exclusive Bitcoin Analytics! (18 Dec 2024)
💎 Your Exclusive Bitcoin Analytics! (18 Dec 2024)
Rocket or Reversal? 🚀📉 This Date Holds the Key! 📅 Expert Predicts Litecoin as the Next ETF! 👀
Jonathan Hamblin
December 18, 2024
In partnership with
Welcome to Bull Market Bytes!
Your byte of cryptocurrency insight where Bitcoin continues to break the all-time high . . .
Can we just skip to the part where it breaks $150,000? 😂
Today’s Highlights
📊 Bitcoin Analysis: Weekly Movement
📌 Bull Market Bulletin: Top Crypto News
Statistics as of: 18 Dec 2024 @ 9;20am EST
BITCOIN ANALYSIS 📊
And for the 100th time (said with sarcasm, of course), Bitcoin has broken another all-time high in the span of 2 months!
Now, hand me the remote control so we can fast forward to the $150,000 break . . . this Lambo won’t pay for itself.
It has been non-stop excitement in the crypto world, and we have some great info for you today!
Overall Market View (7-Day)
Bitcoin’s Weekly Movement
What to Anticipate Next
But before we start the excitement . . .
🚨 (Alarm sounds)
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. . . Invest wisely, not financial advice!
OVERALL MARKET VIEW (7-DAY)
BITCOIN’S TECHNICAL ANALYTICS
I may have just seen the scariest thing ever . . .
If we take a look at the image below, we see the current weekly candlestick is the most bearish known to man!
What could this possibly mean?
Well, it may mark the start of a reversal in price . . . which would not be fun at all.
If a reversal takes place, we aren’t necessarily saying that it will be a crash, but diving below $100,000 wouldn’t be out of the question.
🧠 KEEP IN MIND! We are overextended on Bitcoin’s weekly chart and continue to be! At some point, a pullback must occur.
We provided caution for months that a slight break in Bitcoin’s price above $100,000 could result in a pullback . . .
However, to save everyone from losing hair from stress . . . it is our belief that price consolidation is still taking place.
Even if a pullback does take place . . .
WHAT TO ANTICIPATE
For the million-dollar question, what should we anticipate next . . . not financial advice, of course.
👀 SOMETHING TO WATCH! As shown above with the merging of the support (green) and resistance (red) lines . . .
The week of the 23rd of December is a week to keep in mind as Bitcoin’s price movement must make a decision!
Either we continue to rise in price, or we drop below for a pullback . . .
And at this time, especially with the most bearish candlestick known to man, a pullback is not unreasonable.
As we said in our last newsletter . . .
🌍 IN A PERFECT WORLD . . . Bitcoin will consolidate in the $90,000 to $105,000/$110,000 area into the new year!
Now, before the pitch forks are armed and the torches lit . . . let me explain - like I did before predicting the weak $100,000 Bitcoin break . . . 😂
We all know that Bitcoin is overextended - however this push into $100,000 set a precedence . . .
Bitcoin may be overextended but it is HIGHLY UNDERVALUED!
So again . . . in our opinion, a pullback is not a time to sell everything and invest in Pokémon cards . . .
It is a necessary step to proceed higher and towards our target of $150,000+!
🧠 DON’T FORGET! Money transfers to those that are patient from those that are not patient!
Source: Reddit
Bull Market Bulletin 📌
Coinbase Sued for Alleged Market Manipulation! Well . . . this is something that you don’t see every day. BiT Global Digital has filed a complaint that Coinbase’s decision to delist Wrapped Bitcoin is aimed to promote its own competing product and is harming the crypto markets . . . Could this be a move to monopolize the market or was it simply an oversight?
Litecoin ETF Approval Around the Corner? There has been much speculation between which cryptocurrency will be selected next for an ETF. One of the leading ETF analysts is now leaning against XRP and more towards the “Digital Silver” . . . with Litecoin’s market cap at 1/20th of XRP’s, is this something to look further into?
The Metaverse Phenomenon is Growing! A recent Bitkom survey reveals that there is a growing interest in the metaverse . . . among the German populus. I am going to take a wild guess and say that the German people may have not been fully on board with selling 3,846 Bitcoin before the $100,000 break. 😬 So, what is it about the metaverse that is driving so much attention?
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