💎 Your Exclusive Bitcoin Analytics! (27 Nov 2024)

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Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where Bitcoin’s pullback has finally begun after the defeat of not breaking $100,000 . . .

Our maybe it is a strategic move . . .

If so - GENIUS! If not - there goes my down payment on a tank of fuel.

Let’s Explore Today’s Highlights

📊 Bitcoin Breakdown: Pullback or “Closing the Gap”?

📌 Bull Market Bulletin: Top Crypto News

🔮 Crypto Projection: District0x (Weekly Pick)

Bitcoin Breakdown 📊

Normally when Bitcoin does not break a support line, everyone starts to panic . . .

Probably selling their crypto for Pokémon cards or government bonds. 😂

But the crypto market has been very strong and continues to be strong - which we always love to see that!

As we spoke over in our last newsletter - we needed a pullback from Bitcoin, as we were too overextended!

And it looks like Bitcoin has heard the request!

We had a pullback from $98,803 to $91,094 with a 24-hour period and believe it or not . . . this is a good thing!

Before we are cancelled for saying such blasphemy - don’t worry . . . we will cover everything in this newsletter!

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

But before we dive in . . .

(fanfare music) Please welcome today’s sponsor!

Thank you to Webstreet for sponsoring today’s newsletter! 🙏

Now, let’s get into the crypto market and why Bitcoin’s pullback is a good thing!

Before a riot breaks out against us . . . 😆

Overall Market View (7-Day)

The good ole overall market view . . .

Such a great way to start off the cryptocurrency analytics - especially when Dogecoin is only at +1.45%.

We are just having a little bit of fun! Elon, work some of your voodoo so Dogecoin goes back up to 100%!

Kidding aside, the reason why we look at the overall market view is to track patterns and to get an idea of the market’s “health”.

If we see overextensions or slight overextensions such as:

1. Stellar at +114.44%

2. Polkadot at +43.57%

3. Cardano at +36.07%

Then we may be able to project that there will be a pullback following or even a momentum continuation! 🚀

Let’s take a look below!

We personally love how the heatmap is looking right now!

There is a strong “green” presence - while healthy pullbacks have occurred across the market.

This is shaping up to be an amazing bull run!

Well . . . at least my wallet really hopes so! 😅

Now, what about Bitcoin . . . the daddy of all cryptocurrencies - I really hope no one calls it that. 😂

Let’s go ahead and take an in-depth look!

Bitcoin’s Overall Movement

So, what are our concerns right now?

1. Bitcoin is still overextended (even after the pullback)

2. We have not yet built support in the high ranges

3. A “closing” of the chart would be in the mid $70K’s

However, with all of the negative above - we want to highlight what we stated a week ago which shows that we are on track . . .

Now that we see that Bitcoin is holding off from breaking through $100,000 - this may prove to be a very positive thing . . .

And this has to be said again - we need profits from Bitcoin to feed into other cryptocurrencies!

Let’s take a look at the chart below as we highlight one additional thing. 👀

Aside from the trendlines of support and resistance - there is something new about this chart . . .

Ah, yes - there is a big rectangle in the middle of it. 😂

Earlier, we said that Bitcoin needs to pullback and fill “the gap” - but what exactly does this mean?

When it comes to charting, these “gaps” need to be filled with price movement both positive and negative!

We already see that Bitcoin rocketed from around $73,822.43 to its pullback point around $90,843.22 - so why the concern?

Because that $17,020.79 that Bitcoin rocketed through was not “closed” with a pullback or a negative movement.

With all of this said - it would not be far-fetched it Bitcoin pulled back down to around $80,000 to close this gap!

I am sure everyone is booing and hissing right now - but this is required for creating support and continuing upward at some point.

It doesn’t necessarily need to be right now . . . but at some point.

Let’s take a look at the bull run in 2021 - which will show exactly what we mean by “closing the gap”.

The green line above shows where the bull run sparked and after the bull run - we see on the right side it closed it.

Now, we know that Bitcoin is around $95,000 now but at this time traders thought that a crash had occurred.

And Bitcoin was going to zero . . . as people do every single time Bitcoin pullbacks in price . . .

Even in the middle of the chart, Bitcoin’s price pulls back down close to where the green line is.

This is what we mean when we say “close the gap” . . .

But don’t worry, this is to highlight what may occur down the road - we still have a whole bull market to enjoy! 😎

What to Anticipate Next

We would still love to see a further consolidation under $100,000 . . .

Not the most popular thing to say as the life blood of crypto seems to be only hype without a reality check. 😄

We want this push above $100,000 to be a rocket that touches around $140,000 - $160,000 (not financial advice, of course) . . .

🧠 KEEP IN MIND! Cryptocurrency is a game of patience - we need to be strategic and not just say “dog coin moon now” - that doesn’t get us far. 🤣

Also, while Bitcoin pulls back, we see profits that are taken - however they flow into other cryptocurrencies!

A bull market run with just Bitcoin rocketing is the most underwhelming bull market run that no one wants to see . . .

Unless you are a Bitcoin maximalist - then sure . . . 😆

In our opinion - this is only the beginning of the bull market run!

We are placing our chess pieces on the board accordingly and are positioning ourselves for the attack! 

🧠 Don’t forget! There are many multi-billion-dollar companies that own cryptocurrencies . . . they know more than we know. #HODL

Bull Market Bulletin 📌

Ex-Partner Throws Away Bitcoin Wallet With $716 Million! Does anyone remember the story of the man that threw about a hard drive in 2013 with 8,000 Bitcoin on it? Well, there is a new development in the story! It turns out the hard drive that was thrown out wasn’t actually by the owner, but the partner at the time! 😮 She is now saying that the owner of the hard drive told her to throw it away . . . the drama!

Former CEO of Binance Advises Against Memecoins! It appears that people are starting to get tired of memecoins - well, aside from the people that are making millions off of them. 🤣 Former Binance CEO Changpeng Zhao urges the crypto community to build “real” applications . . . but dog coins are so fun, right? 😂

MicroStrategy Acquires 55,000 More Bitcoin! It comes with no surprise that MicroStrategy has acquired an additional 55,000 Bitcoins - I mean, this is all that they are known for . . . Bitcoin! 😅 It appears that their total Bitcoin holding now 386,700, that is over 36.6 billion at today’s value! 🤯

Crypto Projection 🔮 

For those that may have missed it, SushiSwap was last week’s selection for our crypto projections.

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

For this week, we have selected District0x, a token that had a massive move during the last bull run from $0.0025 to $0.49 - that is a 19,500% increase!

District0x’s Current Price: $0.049
Current Market Cap: $48,951,254

Previous All-Time High: $0.4964 (according to CoinMarketCap)
Previous All-Time High Date: 19 April 2021

Potential Low Price (2024-2025): $0.298
Potential High Price (2024-2025): $0.751

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

Your feedback is very important to us! ❤️

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