💎 Your Exclusive Bitcoin Analytics! (23 Nov 2024)

In partnership with

Advertise with us Next!

Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where Bitcoin is teasing us with breaking $100,000 and Litecoin FINALLY breaks into triple digits!

I guess Litecoin rebranding as a memecoin was long overdue . . . 😂

Let’s Explore Today’s Highlights

📊 Bitcoin Breakdown: Need to Understand This

📌 Bull Market Bulletin: Current News & Stories

🔮 Crypto Projection: Sushi Swap (Weekly Pick)

Bitcoin Breakdown 📊

Well, we have to say this to anyone that may have started following cryptocurrency since 2022 or later . . .

WELCOME TO THE BULL MARKET! 🐂

For many cryptocurrency enthusiasts that have been following for much longer - it’s okay now . . .

Let’s get you in front of the fire so you can warm up from the long crypto winter. 😂

We must admit, it has been a heck (excuse my language) of a wait, but we have all made it.

The question now is . . . do we take profits?

Great question that only a certified and licensed financial advisor can answer not some guy living in his parent’s basement. 🤣

With all of this said, we have a lot to talk about and only so many characters/words this newsletter platform allows . . . 😄

For today’s topics, we are going to be covering:

1. Overall Market View (7-Day)

2. Bitcoin’s Overall Movement

3. What to Anticipate Next

Now, before we begin.

(fanfare music) Please welcome today’s sponsor!

Thank you to The Daily Upside for sponsoring today’s newsletter! 🙏

Now, let’s dive into Bitcoin while the dollar bills are still printing . . .

Just an expression, no type of money foraging is taking place. 😆

Overall Market View (7-Day)

It always does the heart good seeing so much green on the heatmap!

Today’s overall market view encompassing the past 7-days shows a few interesting moves . . .

1. Stellar is +231.04%

2. XRP is Holding Strong with 77.16%

3. Litecoin is Actually Alive with +23.52% 

Starting with Litecoin - we have seen an interesting transformation over the past weeks.

They started to identify as a “memecoin”, they have a mascot called “Litecoin Lester” - it is hard to tell what is next. 😂

I know that XRP holders are the most excited they have been in 7 seven years (since their previous all-time high price)!

Dogecoin, of course, keeps holding strong thanks to Elon Musk . . . could be good or bad, everyone has their own thoughts. 😃

But the one thing that glows the most in the heatmap is Bitcoin at +8.47%.

Why is this, may you ask? It isn’t the highest percentage, so who cares . . . right?

Well, Bitcoin is becoming extremely overextended on the chart - which is a great thing that we are seeing strong movement . . .

But can be a dangerous thing if we are too early to the party - the massive “green candle” party.

On that note, let’s dive into our next topic! 👇

Bitcoin’s Overall Movement

So, this is where we are right now with Bitcoin’s movement . . .

1. Bitcoin is Highly Overextended

2. Resistance Has Been Hit Near $100,000

3. A Pullback MAY Be Next

Now, even though we do have a slight “doom and gloom” in the bullet points above - let’s not forget . . .

FROM WEDNESDAY’S NEWSLETTER: 📰

• Bitcoin breaking through $100,000 is imminent - however, we would like to say one thing and it won’t be a popular thing to say.

• We hope that Bitcoin holds off on breaking $100,000 and consolidates sideways for a little bit longer.

• Now, before everyone grabs their pitchforks and hunts be down in my parent’s basement - hear me out really quick! 😬

• We want more consolidation to strengthen Bitcoin’s push through $100,000!

  We don’t want Bitcoin to break $100,000 - go to $101,000 and then crash back down to $77,000.

Bitcoin is doing exactly what we need for healthy movement! 😮

Let’s take a look at our overall Bitcoin movement and you will see that we have pushed off resistance and may begin consolidating!

Above, each candlestick encompasses a week of time - and with the current three candlesticks, we are overextended . . .

HOWEVER! We hit the top of the rising wedge formation and have bounced back downward.

And even though I said the word “downward” this is exactly what we need! 😄

When Bitcoin inevitably breaks $100,000 - well, that is our shot during this bull run! We need all of the stars to align and have the “perfect storm”.

If Bitcoin pulls back, this shows us potentially three things:

1. Investors/Traders are Taking Profits

2. Investors/Traders are Shorting Bitcoin

3. Investors/Traders are Placing Profits in Other Places!

Number 3 is the one that we need to focus heavily on! We need the rest of the market to join the circus really quick and do a balancing act . . .

As weird as that sounds - it is the only thing I could think of on the spot! 🤣

🧠 KEEP THIS IN MIND! We need all cryptocurrencies to be lifted up, not just Bitcoin being that sole winner percentagewise . . .

And Bitcoin’s pullback and consolidation will ensure this . . . hopefully! 😂

So . . . what do we do? (financial advice omitted lol . . .)

What to Anticipate Next

Bitcoin consolidating in the high $90,000’s or even the high $80,000’s will keep hype going - being that we want the $100,000 break.

However, it opens the door to other cryptocurrencies getting attention, as we saw from the heatmap above!

🧠 REMEMBER: Bitcoin consolidating at that high-level builds a stronger foundation for when the rocket takes off! 🚀

WHAT IF BITCOIN BREAKS $100,000 SOONER? If so, there is no need to panic!

In an ideal world - we would want a pullback (not crash, of course) with consolidation . . . but sometimes we don’t get what we want.

Like the Razor flip phone, I never received as a teenager . . . 😆

Our ultimate focus is strong movement across the board, not just dominance within Bitcoin . . . which we are doing great right now!

Below is Bitcoin’s dominance against the market, which has been steady for the past 30 days.

In the past, Bitcoin’s dominance has been in the 70’s and even higher in earlier years . . .

And as much as we love Bitcoin, we do not want a re-run of this as we want all cryptos (well, the legit ones) to prosper.

🧠 Don’t forget! Enjoy each day of the bull market, it historically happens once every 4 years! You deserve it! 😎

Bull Market Bulletin 📌

Blockchain Association Outlines Crypto Priorities to US President-Elect! Being that the United States’ President Elect claims to be pro-crypto, we have seen the markets rocket with hope . . . but could this be too early for a celebration? 👀 This Washington DC-based advocacy group has submitted a letter requesting reform during the first 100 days in office - but will they be heard? 🤷‍♂️

South Korean Virtual Asset Deposit Platform Declares Bankruptcy! We are still feeling the effects from the FTX collapse, especially this South Korean deposit platform. The unfortunate thing about this situation is that they owe customers $1.75 billion! 🤯 With FTX going bankrupt, they were never able to recover their assets in November of 2022 and 2,800 of their customers are paying the price! 😮

VanEck Issues a $180,000 Bitcoin Price Target This Cycle! As Bitcoin approaches $100,000, there are many Bitcoin enthusiasts that are embracing this move upward and expect high gains this bull market. One of these enthusiasts includes VanEck, a prestigious corporation with $118.3 billion in assets under management! Maybe they know something that we don’t . . . 🤔

Crypto Projection 🔮 

For those that may have missed it, our weekly pick is SushiSwap! Tune in for our newsletter on Wednesdays for the next pick!

Sushi Swap’s Current Price: $0.7729
Current Market Cap: $202,313,670

Previous All-Time High: $23.38 (according to CoinMarketCap)
Previous All-Time High Date: 13 March 2021

Potential Low Price (2024-2025): $9.02
Potential High Price (2024-2025): $12.84

• Circulating Supply has grown exponentially since the previous ATH

• Price has high emphasis on Decentralized Exchange (DEX) hype

• SushiSwap is not as relevant with new technologies

🧠 Remember! This is not a call to action! Conduct your own research!

Your feedback is very important to us! ❤️

Subscribe to Premium to read the rest.