💎 Your Exclusive Bitcoin Analytics! (23 Oct 2024)

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Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where we break down the crypto market and give you the highlights…

Let’s not forget the fun facts and memes! 😎

Let’s Explore Today’s Highlights

🧠 Fun Fact: How Walmart and Litecoin Met…

📊 Bitcoin Breakdown: Will Bitcoin Hold Support?

📌 Bull Market Bulletin: Current News & Stories

🔮 Crypto Projections: Cardano’s Price Projections!

How Walmart & Litecoin Met 🧠

So, Walmart and Litecoin met…

It kind of sounds like the beginning of a love story. 😂

Maybe next time, however this story does have some excitement that comes along with it!

Back in 2021, the cryptocurrency market was pumping, everything was amazing, and investors were getting very excited…

Maybe even too excited… 🤣

It seemed that there was a hit story every other day and the media wanted to be the first ones to report the “next big thing”.

Well… the “next big thing” came along, and the media went wild over it! 👀

“Walmart Now Accepts Litecoin”!

It was even shared on the Litecoin Twitter account and Litecoin launched! 🚀

In the matter of an hour, Litecoin went from around $184 to around $230!

Amazing, right!? Well… not exactly…

It was finally reported that the news was fake, and people were a little too hyped up by reporting a story without verification.

I am sure that Litecoin investors were ecstatic though… 😄

Long story short… make sure to verify and don’t buy in to everything that you hear.

“Walmart Accepts Litecoin”

Bitcoin Breakdown 📊

What a wild ride that Bitcoin has taken us on recently… 😬

However, the closer to the end of the year that we get, the more exciting that it becomes!

So, what is exactly new in Bitcoin’s price? 🤔

Being that Bitcoin has had a pullback, some of our dates that we have anticipated have changed around! 👀

On a positive note, we are currently holding support even though we are going through a pullback.

Before we get ahead of ourselves, our main topics for today are:

1. Bitcoin Weekly Movement

2. The Anticipated Date

Now, before we dive in… a word from today’s sponsor!

Thank you to VaultCraft for sponsoring today’s newsletter. Now, with that said… let’s dive in!

Bitcoin Weekly Movement

What a wild week it has been!

We broke up through resistance… and then pushed back down through support… and then pushed back up… 😂

At the end of the day, we are holding a strong upward trend and that is nothing to be complaining about.

Now, what we need to figure out is… where do we go from here?

Let’s go ahead and take a look at the image below.

So, what are the main differences from last week?

Well… our current candlestick is red (unfortunate 😂), but we are holding on the green line and are working towards a new date…

The week of the 18th of November!

Is it alarming that the date has been pushed back two weeks that we were originally anticipating?

No, not at all! As movement occurs, anticipated dates may change. Now, with that said…

The Anticipated Date

With the week of the 4th of November being pushed back as Bitcoin’s price slips, we are looking at the…

Week of the 18th of November. 😃

The reason for this is because this is the week where support and resistance meet.

1. Support - Bitcoin’s current upward trend 📈

2. Resistance - Bitcoin’s previous all-time high 📉

If we keep our upward trend, this is the week where we will challenge the previous all-time high…

And interestingly enough, this is slightly after the results of the US presidential election. 👀

🧠 Don’t forget! Anticipated dates may change due to an asset’s movement, you have to stay flexible and on top of the analytics!

Bull Market Bulletin 📌

Are Bitcoin Bulls Betting on the US Presidential Election Outcome? Even though we are not the first person to get political, we still have to ask ourselves the question… is a lot riding on the United States’ presidential election? I mean, it’s not like people are gambling on it, right? Well, on Polymarket there is actually $2.3 billion gambled towards who will win the election! 😮 Now, with that said, is it hard to believe that a certain outcome would swap investors to buy or sell? Bitcoin Option Traders have their own thoughts on this… 👀

Bitcoin’s Upcoming “Sweet Sixteen” It may sound wild to hear that Bitcoin is about to turn 16 years old! 👀 On October 31st, Bitcoin’s whitepaper will have officially released 16 years ago! Granted, Bitcoin’s first transaction did not occur until the 3rd of January in 2009, but this is where it all began! Throughout these 16 years, there has been so many haters proven wrong, and hearts won! ❤️ Now, the big question in…. where does Bitcoin go from here?

Does Tesla Still Own the $780 Million Bitcoin Fortune? Last week, there was a report the Tesla had moved its $780 million worth of Bitcoin to unknown wallets! 🤯 There was never a reason given for why this happened, and it does still remain a mystery. The 11,509 Bitcoins were split between seven different wallets with the higher amounts being 2,200 and 1,100 Bitcoins. It is believed that the transfer was completed internally to Tesla, but there are still doubts… what is your take? 🤔

Crypto Projections 🔮 

For today, we are going to be covering Cardano! Cardano is a hot crypto, currently #11 on the top crypto list!

With Cardano, one thing to note is the max supply is significantly higher than Bitcoin or Litecoin, as it is 45B (45,000,000,000)!

Check out our projections below! 🔮

Cardano Current Price: $0.3559
Current Market Cap: $276,170,000

Previous All Time High: $3.10
Previous All Time High Date: 02 Sep 2021

Potential Low Price (2024-2025): $4.24
Potential High Price (2024-2025): $7.61

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