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💎 Your Exclusive Bitcoin Analytics! (30 Nov 2024)

💎 Your Exclusive Bitcoin Analytics! (30 Nov 2024)

Bitcoin in Position for $100K! 🚀 PLUS: Bitcoin Mining Company & Multi-Billionaire Bet Heavy on Bitcoin! 👀

Jonathan Hamblin
November 30, 2024

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Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where the market is moving exactly according to our plan . . .

Well, until it decides that it wants to free fall. 😂

Let’s Explore Today’s Highlights

📊 Bitcoin Breakdown: Moving into Position

📌 Bull Market Bulletin: Top Crypto News

🔮 Crypto Projection: District0x (Weekly Pick)

Statistics as of: 30 Nov 2024 @ 1:45am EST

Bitcoin Breakdown 📊

We are back at it with another “Bitcoin Breakdown” where we look at the analytics and show what we have found . . .

Bitcoin has yet to break through $100,000 . . . obviously. 😂

Some are panicking that Bitcoin is moving sideways and the momentum is slowing down - but this is only for the short term.

And LET’S NOT FORGET . . . this is exactly what we wanted and projected seeing.

On the other hand, we have XRP that is closing in on $2!

Let’s give a round of applause for those that have held XRP since its all-time high in 2018 - this may be their time to shine!

For today, our topics are:

Overall Market View (7-Day)
Bitcoin’s Overall Movement
Crypto Market Dominance
What to Anticipate Next

But before we dive in . . .

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Now, let’s take a look at the overall market!

Overall Market View (7-Day)

With this overall market view - there are two options that Bitcoin ultimately has . . .

A Healthy Consolidation Sideways
The Beginning of a Strong Pullback

Why exactly do we say this? 🤷‍♂️

Well, we are showing a slight decrease of -2.33% with Bitcoin which is exactly what we want for a healthy consolidation sideways.

HOWEVER, . . . if momentum continues and for example, we see -5.65% in the next market view - we may see the beginning of a strong pullback!

Overall Market View

Don’t worry, we will dive a little bit more into this later! Now, let’s take a look and see . . .

AH, YES! A couple of the big hitters for the past 7 days!

Polkadot = +32.75%
UniSwap = +28.87%
XRP = +26.50%

The main one that we want to take a moment to speak on is XRP . . . possibly the most loved and hated cryptocurrency.

We will keep our comments to ourselves on that debate . . . 🤣

XRP was held down for many years due to being sued by the SEC - but its intention was to be a worldwide currency.

AND WHAT IS INTERESTING - they may now be back on track to do so.

There are talks that XRP will be integrated into the banking system - which sparked the highest price XRP has seen in over 3 years! 🚀

Now, back to our main topic . . . Bitcoin analytics!

Let’s go ahead and dive into Bitcoin’s weekly candlestick chart

Bitcoin’s Overall Movement

So, what are we keeping in mind for Bitcoin’s overall movement?

No, it isn’t “when moon me need lambo” 😂

There are a couple of actual things.

Bitcoin is Overextended (still)
We Need to Fill “the Gap”
Current Candlestick is BULLISH!

Even though Bitcoin may be overextended on the chart does not mean that it is going to crash down.

NOW - we do believe that a market correction must occur at some point, but again it doesn’t have to be this very minute.

As we take a look below - we see that the current candlestick is red . . . but it is a very bullish red candlestick!

Bitcoin’s Weekly Chart (30 Nov 2024)

So, the follow-up question is . . . how can something be bullish and bearish at the same time? 😂

The red candlestick at the top of the chart is a “hammer candlestick” and shows us that the candlestick may be bearish . . .

But there is a lot of bullish pressure that is pushing the price up! 📈

WHAT DOES THIS MEAN? That Bitcoin Bulls are still controlling the market, and they say, “GO HIGHER”!

So, what does this mean for the rest of the cryptocurrency market? Will other cryptos follow Bitcoin’s lead? 🤷‍♂️

Crypto Market Dominance

Taking a look at the overall cryptocurrency market dominance is a great way to see how others compare to Bitcoin!

For those that may not know - dominance is the overall market capitalization of a crypto in comparison to others and the market as a whole.

🧠 DID YOU KNOW? On 30 November 2014 (10 years ago) Bitcoin’s dominance was 98.35%!

Times have changed since then as Bitcoin’s current dominance is only 57.46% - which shows that wealth is being distributed.

Crypto Market Dominance

We also see in the middle of the chart that Bitcoin’s dominance reaches around 40% and then spikes back up . . .

It would not be far-fetched if Bitcoin’s dominance were to swing back down while other cryptocurrencies grow larger.

🧠 WHAT DO WE THINK? As Bitcoin profits are taken with the push above $100,000 - those profits will be pushed into other coins!

Bitcoin’s market dominance will drop, and we will enter a true “ALT SEASON”! 👀

Now, with that further into the future - what are we anticipating for the short-term?

What to Anticipate Next

As we saw in the weekly candlestick chart of Bitcoin above - there is still the gap that needs to be filled.

Yes, it may not be until later - but let’s recall from our last newsletter . . .

LAST NEWSLETTER: 📰

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 if Bitcoin pulled back down to around $80,000 to close this gap!

The reason that we highlight this is because at the time that a pullback does occur - now or 10 years from now - we anticipated it!

And why is anticipation so important? 🤔

Because when the wife takes the house . . . I mean, when Bitcoin drops, we are not surprised and have a plan in place!

Jokes aside - traders and investors cannot be emotionally charged while trading! When emotions come in . . .

We see people lose their life savings or lose more than they are willing to lose.

🧠 REMEMBER! Make a solid plan and stick to it! If you can’t vouch for your plan for 30 minutes straight - then think again!

(not financial advice!) 😅

FOR BITCOIN - the current candlestick is bullish . . . but we want slightly more sideways consolidation! We are greedy for the consolidation. 🤣

However - We can feel the $100,000 Bitcoin break occurring very soon!

🧠 Don’t forget! Bitcoin’s sideways consolidation is SPOT ON! Cryptocurrency is patience, and those that are patient land on top!

Bull Market Bulletin 📌

Bitcoin Mining Company Acquired Millions in Bitcoin! Mara, formerly Marathom Digital, has increased its value heavily because of Bitcoin. News has now come out that they have purchased 6,474 Bitcoins this month, that is $621 million at the current value! At this time, $MARA holds roughly 34,797 Bitcoins in its treasury, amounting to an jaw-dropping $3.3 billion! 🤯

Memecoin has Flipped Luxury Automotive Company! Memecoins are the hype at this current time, but who knows if it will last . . . The big daddy of memecoins, Dogecoin, has now surpassed Porsche in market cap and who knows how far it is going to go! In the past month alone, Dogecoin has risen to a total market capitalization of $57.8 billion! Thanks to Elon Musk, this would have definitely never happened. 😂 Don’t forget, Dogecoin’s blockchain was failing and the only reason it survived was that it became dual-mined with Litecoin . . . so, thank you to Litecoin.

Multi-Billionaire Makes a Bold Bitcoin Prediction! As Bitcoin moves closer to the all-time high, everyone is wonder when it will break $100,000 . . . and even past that, how far Bitcoin will go up! With that said, multi-billionaire Robert Kiyosaki predicts that Bitcoin will soar to $500,000 by 2025! May seem a little far-fetched, or maybe he is trying to build on the current hype . . . what are your thoughts? 🤔