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- 💎 Your Exclusive Bitcoin Analytics! (30 Oct 2024)
💎 Your Exclusive Bitcoin Analytics! (30 Oct 2024)
Countdown to Bitcoin's All-Time High! ⏰ PLUS: $175 Million in Bitcoin Shorts Liquidated! 👀
Jonathan Hamblin
October 30, 2024
In partnership with
Welcome to Bull Market Bytes!
Your byte of cryptocurrency insight where Bitcoin is stronger than ever!
But let’s not jinx it… 😂
Let’s Explore Today’s Highlights
🧠 Fun Fact: The Forgotten Fortune
📊 Bitcoin Breakdown: Bitcoin’s ATH is Imminent!
📌 Bull Market Bulletin: Current News & Stories
🔮 Crypto Projection: PancakeSwap (CAKE)
Statistics as of: 30 Oct 24 @ 9:25am EST
The Forgotten Fortune 🧠
Here is a quick story for you that shows being forgetful may not be a bad thing sometimes. 😂
In 2009, Kristoffer Koch was a student when he purchased 5,000 Bitcoins for $26…
Yes, you heard that right… $26! 👀
At today’s value, that is $360 million!
Either way, he was learning about digital encryption at the time and thought that this may be a worthwhile purchase.
At the time, Bitcoin was not the hot thing that it is today… so he kind of forgot about it… 😅
However (dot, dot, dot) in 2013 he found out that the price had risen and remember that he had made a purchase years ago!
His $26 worth of Bitcoins was now worth $886,000! 😅
If we do the quick math, that is a 3,407,590% gain!
Now, I wonder how much those Pokémon cards are that I bought years ago… 🤣
Bitcoin Breakdown 📊
Bitcoin has awoken and it is only a matter of time before we break the all-time high!
The last time that Bitcoin broke the all-time high, believe it or not, was 8 months ago…
It feels like it was yesterday… 😅
However, it was the 14th of March this year!
So, the question on everyone’s mind is… when is the break going to happen? 🤷♂️
And more importantly, will Bitcoin take off or just be a dud like it was 8 months ago?
Well, we are going to dive more into that today!
But before we do… a message from today’s sponsor!
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Now, let’s dive into the joy that is Bitcoin analytics!
Bitcoin Weekly Movement
So, when looking at Bitcoin right now, we see a very strong uptrend. 📈
We also see, if we take a look below, that Bitcoin’s current candlestick is wicking… this is a bearish feature on a candlestick.
However, this is normal being that Bitcoin at the beginning of the month was below $60,000… now we are above $70,000!
Bitcoin’s Weekly Movement
The big thing that we will continue to preach is CONSOLIDATION!
We want Bitcoin to move as close as possible to the previous all-time high in a healthy manner…
And when we say this, we mean that there is a slow and steady upward movement on the way there… which we currently have! 😃
Now, if we also take a look at the image, we will see three horizontal lines at the top… these are points of resistance.
Even though Bitcoin did break through the bottom two lines, it is now pulling below the middle one… which isn’t necessarily a bad thing…
If we continue to hold the trend that we have, Bitcoin will break through the all-time high…
Drum roll, please! 🥁
By the week of the 25th of November or even before that!
Let’s not forget, Bitcoin was within hundreds of dollars yesterday from breaking the all-time high! 👀
It is imperative that everything match up for the perfect storm so when Bitcoin breaks through… it really breaks through…
This will allow alt coins to increase their market capitalizations, and we can all celebrate on our yachts! 😂
🧠 Don’t forget! For a moonshot from Bitcoin, we need slow and steady progression… This will ultimately fuel Bitcoin to $100,000+
Bull Market Bulletin 📌
$175 Million in Bitcoin Shorts Have Been Liquidated! Bitcoin continues to surge and Bitcoin bulls are more excited than ever! When it comes to Bitcoin bears… well, they have taken a hard hit as of recent. 😬 With this recent upward movement, we see that investors and traders that were shorting Bitcoin in hopes that the price falls have been liquidated, meaning that they have been stopped out of their trading positions! The total amount so far is $175 million that they have lost! 🤯
Deep Fake Crypto Scams Spike 654%! Artificial Intelligence (AI) is groundbreaking technology that we have seen amazing advancements in such a short period of time… unfortunately with this good it can also be used for evil… 👀 With “deep fake scams”, we see that celebrities’ image or voice are used to the degree that it is difficult to decipher if it is real or fake… We see this a lot with Elon Musk’s voice being used… Be safe!
Visa Teams with Coinbase for Real-Time Account Funding This is exciting news, even if you aren’t a Coinbase user. Visa and Coinbase are collaborating to integrate real-time deposit of funds! 💰 This will allow users more flexibility for taking advantage of trading opportunities, which is critical, so we don’t miss out on Bitcoin’s quick spikes! 📈
Crypto Projection 🔮
For today’s newsletter, we will be diving more into PancakeSwap’s projection!
In 2021, PancakeSwap’s market capitalization was over $6 billion! The question is… is that possible again? 🤔
If so, we also need to calculate changes in circulating supply, market influences, competitions, relevance, etc.
Check out our projections below! 🔮
PancakeSwap’s Current Price: $1.81
Current Market Cap: $500,310,000
Previous All Time High: $44.18
Previous All Time High Date: 30 April 2021
Potential Low Price (2024-2025): $13.08
Potential High Price (2024-2025): $25.12
Circulating supplies has increased dramatically
🧠 Remember! This is not a call to action! Conduct your own research!
Your feedback is very important to us! ❤️
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