- Bull Market Bytes
- Posts
- 💎 Your Exclusive Crypto Analytics! (21 Dec 2024)
💎 Your Exclusive Crypto Analytics! (21 Dec 2024)
Markets Pullback 📉—What to Anticipate! 👀 Is the New SEC Crypto’s Hidden Hero?
Jonathan Hamblin
December 21, 2024
Welcome to Bull Market Bytes!
Your byte of cryptocurrency insight where the crypto markets are pulling back, and the portfolio is feeling the heat . . .
I’d rather walk across a football field full of Legos barefoot . . . 😅
Let’s check out today’s highlights!
📊 Crypto Analysis:
Overall Market View
Bitcoin’s Technical Analysis
What to Anticipate Next
📌 Bull Market Bulletin:
Top Cryptocurrency News
Statistics as of: 21 Dec 2024 @ 9:45am EST
CRYPTO ANALYSIS 📊
What a wild time cryptocurrency is right now - we all want answers!
And we are going to give you the answers you seek!
But before we start the excitement . . .
🚨 (Alarm sounds)
Please standby for a word from today’s sponsor!
Man who predicted Crypto Market: AI will be 10X bigger
James Altucher, the investor who famously called Bitcoin's rise, is now predicting something even bigger: Artificial Intelligence.
Altucher, known for his bold predictions, believes AI could dwarf previous tech booms—becoming the first $100 trillion industry. He suggests that early investors have the potential to turn a modest $10,000 investment into $1 million over the next few years.
But this kind of opportunity won’t last long. Altucher says the “wealth window” will close soon.
He’s created a short video detailing exactly how investors can position themselves now for maximum profits. If you missed out on Bitcoin, this could be your second chance.
Plus, he’s giving away one of his top AI stock picks for free. It’s a rare chance to get ahead of what could be the biggest wealth-building opportunity of our time.
Thank you to Altucher’s Investment Network for sponsoring today’s newsletter! 🙏
. . . Invest wisely, not financial advice!
OVERALL MARKET VIEW (7-DAY)
Source: Weekly Gainers by TradingView
Source: Weekly Losers by TradingView
BITCOIN’S TECHNICAL ANALYTICS
This is guaranteed - investors’ portfolios are hurting, people are panicking, and we all want answers . . .
Well, give us 3 minutes to provide insight that may give you the strength to keep pushing forward!
Last newsletter, we covered that a pullback was imminent - the chart was too overextended, and it had to happen.
Now, believe it or not, this is a good thing!
Why? Because we have established support on the weekly chart - and this prevents the price freefalling back to around $70,000.
So, let’s cover a couple of things in the chart below! 👇
Source: TradingView (As of 21 Dec 2024) Bitcoin Weekly
We have the support (green) and resistance (red) outlined in horizontal lines - but what are the gold and blue shaded areas?
Gold Shaded Area - Where Bitcoin’s price will eventually return to “fill the gap”.
This gap is created when healthy pullbacks don’t occur - and overextension ultimately results in a pullback to the previous resistance area/price.
We are not saying this will happen tomorrow or even next year - but it is highly probable after the bull season, if not before!
Blue Shaded Area - Where Bitcoin must consolidate and maintain to stay in “bullish territory”.
Yes, Bitcoin is overextended - but this is bull season! 🐂
If we keep the blue shaded area - we are establishing a “bull flag formation”, which ends with further upward momentum!
🧠 KEEP IN MIND! We have provided caution to our readers for months regarding the overextension - a pullback was bound to happen . . .
And more importantly, it was essential to happen!
Cryptocurrency is a game of confidence and patience!
WHAT TO ANTICIPATE
🌎 In a perfect world that will never exist as long as I am not Fabio - we need Bitcoin to maintain above $90,000 . . .
At least going into the new calendar year (pretty please)!
As we said in our last newsletter . . .
👀 SOMETHING TO WATCH! As shown above with the merging of the support (green) and resistance (red) lines . . .
The week of the 23rd of December is a week to keep in mind as Bitcoin’s price movement must make a decision!
Either we continue to rise in price, or we drop below for a pullback . . .
And at this time, especially with the most bearish candlestick known to man, a pullback is not unreasonable.
It appears that “most bullish candlestick known to man” did initiate the pullback that we are witnessing . . .
I’ve seen it a million times as a stock market day trader . . . that was my bread and butter. 😂
WHAT IF BITCOIN BREAKS $90,000? Then we are going to anticipate a further movement towards $80,000 (the first area of resistance turned into support).
WHAT IF BITCOIN MAINTAINS THE BLUE AREA? Then your portfolio and you can thank us later . . . 😅
🧠 DON’T FORGET! When looking at a Bitcoin chart - zoom out! There are slight bumps along the way, but Bitcoin is up over 157.383.472.81% since inception!
Source: Reddit
Bull Market Bulletin 📌
“Hawk Tuah Girl” Addresses her Crypto Meme Coin $HAWK Crash. In the last interview that she gave, her last words to the thousands of investors that lost mountains of cash was she was going to bed. 332 hours, 14 minutes, and 72 seconds later . . . thank you to Greg on X for the exact timeline 😂 she finally woke up (gave a statement) and is fully cooperating. I would too if my lawyers advised me . . .
Two Southern California Men in Alleged $22 Million Crypto Fraud Case! Cryptocurrency is starting to make the transition from the Wild West. Yes, frauds and scams are still occurring, but this shows that the law is cracking down! 👮♂️ So, what exactly did these two men do? Well . . . let’s just say that they created an NFT empire where their specialty was pulling rugs and abandoning projects . . .
United States’ New SEC is Bringing the Heat! President-Elect Trump’s choice to be the new chair of the Securities and Exchange Commission is a “YUGE” win for cryptocurrency! Paul Atkins was first placed in the position from 2002 to 2008 and was very pro-innovation and investment . . . Big things are coming for cryptocurrency - but the wait may be slightly longer than initially planned . . .
YOUR FEEDBACK IS IMPORTANT! ❤️
HOW DID WE DO? |
