💎 Your Exclusive Bitcoin Analytics! (18 Sep 2024)

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Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where the world waits in anticipation for Bitcoin to break $100,000! 😮

Or even $65,000 would be a great start…

Yeah, let’s start with that please! 🤣

Let’s Explore Today’s Highlights

🧠 Fun Fact: Bitcoin is Introduced!

📊 Market Breakdown: Bitcoin’s Ahead of Schedule!

📌 Bull Market Bulletin: Current News & Stories

📚 Trading Strategies: The Basics of Bitcoin

Bitcoin is Introduced 🧠

We all have heard of Bitcoin, but the question is…

Where did it all begin? 🤔

Believe it or not, there has been many predecessors to Bitcoin, such as Hashcash, but Bitcoin is the perfected copy that took the world by storm.

Our story begins in August of 2008 when the domain Bitcoin.org was registered. Months later, the Bitcoin whitepaper was published…

This document outlined Bitcoin’s vision and how decentralization would revolutionize traditional banking and finance.

Well, I Wish I listened at that time… 😅

Then, on the magical date of January 3, 2009, Bitcoin was released to the world!

We are not sure who the creator of Bitcoin is, but we know that the person(s) goes by “Satoshi Nakamoto” and is not a heavy drinker…

I am just assuming because it was released days after New Years. 🤣

It is exciting to see how much Bitcoin will continue to develop over the years to come! In the meantime, HODL!

… not financial advice… 😂

The Official Bitcoin Whitepaper

Market Breakdown 📊

I don’t know about everyone else… but I am loving the set-up that Bitcoin is moving towards! 😃

With Bitcoin breaking the all-time high this year to the massive pull back and crying myself to sleep… it only happened once…. 😂

Bitcoin is following a bullish trend!

With the recent analytics that we have conducted on Bitcoin’s price movement, there are two highlighted dates we have…

The 4th of November and the 6th of January. 📅

However, as we continue in this upward pattern, we may actually see results before the 4th of November…

But before we spoil today’s market breakdown any further, let’s cover our primary topics!

1. Cryptocurrency Heatmap (7-Day)

2. Bitcoin’s Projected Movement

3. Our Thoughts on Movement

Yes, some very exciting topics for today! 😎

And to kick it off, a special word from today’s sponsor!

Thank you to Growth School for sponsoring today’s newsletter! 🙏

Now, let’s begin with our first topic!

Cryptocurrency Heatmap (7-Day)

So, what does today’s heatmap tell us?

1. Safe answer: a little bit of this and a little bit of that. 😂

2. Correct answer: that the market is evenly mixed between buyers and sellers.

Why should we care about that? ‍🤷‍♂️

Because it shows that there is not a drastic one-sided market, either being buyers and sellers…

And that is a good thing! 😎

This even split of buyers and sellers shows that the market is moving in a healthy manner and building support!

And we wouldn’t want it any other way… well for right now, moon coming soon! 🚀

Alright, so let’s tie this into the bigger picture…that picture being Bitcoin’s movement!

Bitcoin’s Projected Movement

So, to the topic that everyone is always requesting… Bitcoin’s technical analysis…

And trust me, I love breaking down Bitcoin’s movement.

Well, even though it breaks my heart sometimes… 🤣

So, the million-dollar question is…

What do we see in Bitcoin’s future? 🔮

Why don’t we go ahead and break it down and see what we should be anticipating next!

As shown above, our current candlestick (highlighted in the white rectangle) is approaching the resistance line…

And let’s not forget, that line was set over a week ago!

Why do we mention this? ‍🤷‍♂️

Because trendlines are drawn for a specific reason, not to just look pretty and colorful on a chart.

Trendlines act in many different ways, to include:

1. Projecting future movement

2. Showing potential support points

3. Showing potential resistance points

Unfortunately, some people go overboard and then it turns into a meme… 😬

Just keep this in mind… don’t draw so many lines where you can’t see the actual chart anymore…

That is just counterproductive… 😅

As shown from the chart above, our next date that we have annotated is the 4th of November.

But could there possibly be another date? 👀

Our Elite Edition members have full access to see!

Our Thoughts on Movement

As Bitcoin continues to approach the resistance line ahead of schedule, that could cause an early break upward…

And then we may actually be looking at an earlier all-time high break! 📈

However, sideways movement is not a bad thing.

Yes, it is very boring to watch… but that just shows that massive support is being built at the current levels.

And think about it…

Bitcoin is holding steady at $60,000… imagine how high it will go from here! 🚀

🧠 Don’t forget! Bitcoin started at $3,200 before the 2021 bull run… image starting at $60,000 this bull run… 🤯

Bull Market Bulletin 📌

Are NFTs Holding their Value? NFTs have always been a topic of discussion, even when they were the biggest thing since sliced bread 😂. There may be some value still held in NFTs, but this story covers some major losses… like losing $730,000 type of losses. 😬

Billionaire Mark Cuban to Buy X (Twitter)? According to a Wired interview, journalist Lauren Goode asked Mark Cuban if he had interest in purchasing X. Interestingly enough, he stated that “I wish I could”. So, the question now is…what would Mark Cuban want with X? … 🤷‍♂️

Ethereum Trader Turns $87K into Millions! Imagine waking up 8 years in the future and your $87,000 investment has turned into 40 million! 😮 That is exactly what happened to this trader after making his initial purchase in February of 2016. 🚀

Former President Trump Calls out to Crypto Community. There has been much back and forth going into the United States’ upcoming Presidential Election. Harris has not stated a crypto plan, but Trump has stated that the crypto world will be “living in hell” if he loses… what are your thoughts? 🤔

Bitcoin’s Basics 📚

Welcome back, everyone! 😄

In our last newsletter, we covered the symmetrical triangle pattern along with key topics such as:

1. The Type of Pattern

2. The Variables in the Pattern

3. Real-Time Movement of the Pattern

If you missed our last newsletter, click here! 😃

For today, we are switching gears and covering something similar to what was covered in our “Fun Fact 🧠” section at the top of the newsletter.

We are covering The Basics of Bitcoin.

For this byte-sized lesson, being that we could talk about Bitcoin until the cows come home… 🤣

We will be specifically covering:

1. What Exactly is Bitcoin?

2. What is Blockchain Technology?

3. What is Bitcoin Mining?

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

What Exactly is Bitcoin?

In a nutshell, Bitcoin is digital money. Unlike traditional money like the dollar or pound, Bitcoin is decentralized…

What exactly does this mean? 🤔

This means that there is no single institution, government, or entity that controls it!

Now, the interesting part, being that no single entity controls it, it is controlled by the masses…

And because of this…

The price is controlled by the users! 💰

This shows that Bitcoin is not only a digital money used for various goods, but an investment tool that theoretically grows in value!

Best of both worlds! 😎

With all of this said, let’s move on to what actually makes Bitcoin reliable.

What is Blockchain Technology?

Blockchain technology is what ultimately provides the “checks and balances” for Bitcoin and many other cryptocurrencies.

It is ultimately a public ledger that records all transactions. ⚖️

For example’s sake, imagine a line of blocks and each block stores information about transactions.

For a transaction to be completed, it must be verified within this block of records…

This is where Bitcoin miners come in! ⛏️

What is Bitcoin Mining?

We may be familiar with “Bitcoin mining”, but this is why it is essential to Bitcoin’s stability.

Because “blocks” are used to verify transactions on the “chain” to ensure they are valid and there isn’t anything fishy going on… 👀

It is a lot to cover, but don’t worry, we have an educational hub coming out in the future that is full of awesome educational lessons! 🏆

Bitcoin miners run programs on their hardware that automatically run calculations to “find the next block”.

Once this block is mined, the miner will receive a “block reward” which is bitcoin being added to the circulating supply.

This is how Bitcoin adds more to its maximum supply of 21 million, and at the same time…

How Bitcoin miners pay for their mining expenses. 💰

🧠 Remember! Bitcoin can be used as a currency and an investment tool. Decide which is best for you…also, more news in the future for our educational hub! 🧠

Your feedback is very important to us! ❤️

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