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- 💎 Your Premium Cryptocurrency Insight! (04 Jan 2025)
💎 Your Premium Cryptocurrency Insight! (04 Jan 2025)
Bitcoin's Path Back to $100,000 and Beyond! 🚀 PLUS: China's Big Bet on Bitcoin!
Jonathan Hamblin
January 04, 2025
Sponsored by
Hello and welcome back to . . .
BULL MARKET BYTES
Your byte of cryptocurrency insight where we imagine a world where Bitcoin is $100,000 and the cryptocurrency market is going wild!
Maybe it isn’t too difficult to imagine . . . it happened last month. 😂
📊 CRYPTOCURRENCY ANALYSIS
📌 BULL MARKET BULLETIN
Statistics as of: 04 Jan 2025 @ 9:50am EST
I CAN FEEL THE BULL RUN COMING!
Maybe not today or tomorrow or the next day - but very soon . . .
Yes, it is brave to say that while Bitcoin is still recovering from being over $100,000, but why not be optimistic? 😅
We also have to remember, the 20th of January is right around the corner - the date that President-Elect Trump takes the US office.
The United States’ first pro-crypto president!
So, before we dive into market projections . . .
🚨 (Alarm sounds)
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. . . Invest wisely, not financial advice!
MARKET OVERVIEW (7-DAY)
Source: Weekly Top Gainers by TradingView
Source: Weekly Top Losers by TradingView
BITCOIN’S TECHNICAL ANALYSIS
Bitcoin is moving in the right direction!
We did have a pullback which brought us below $92,000 - however we built support and are continuing towards $100,000 . . .
So, are we in bullish or bearish territory?
Believe it or not, we are still in bearish territory on the daily chart.
As we see below, Bitcoin has increased by ~$7,000 but still holds the “bear flag formation”.
Source: TradingView (04 Jan 2025) Bearish Projection
Until we break out of this bearish formation, we are still projecting downward movement.
🧠 Let’s Not Forget! As we have seen numerous times in the past, Bitcoin’s price is highly affected by world events.
Now, let’s not forget - this is BullMarketBytes NOT BearMarketBytes!
🚀 How Do We Become Bullish? If Bitcoin were to maintain the green support line shown above and we break $100,000 . . .
We could be looking at a potential “cup and handle” formation.
This formation ends with the price shooting up as it is breaking through resistance . . .
Which would be the $100,000 mark we are shooting for!
🧠 Keep in Mind! Bullish or bearish - we are still consolidating at a price that suggests we will see $150,000+ this year!
WHAT TO ANTICIPATE
INVESTORS ARE GOING TO PANIC BUY!
Bitcoin and cryptocurrency as a whole are a hot topic that companies are “YOLOing” into - if people still say that . . .
For example, MicroStrategy owns over $43 billion in Bitcoin!
And as we said in our last newsletter . . .
All investors have their eye on the 20th of January!
And we mean all investors, not just cryptocurrency.
President-Elect Trump’s Inauguration may prove to be bullish - similar to the day that he won the election.
This is not a political stance; this is just anticipation from what we previously saw.
What If Bitcoin Breaks $100,000 Next Week? Then it is highly anticipated that we break the all-time high in the first quarter of 2025!
An all-time high break in the first quarter of 2025 could warrant a push above $150,000 - especially so early in the bullish year!
What Do We Do in the Meantime? The name of the game has been to “HODL”. Bitcoin is a marathon not a sprint.
When Bitcoin is pushing $150,000, many traders and investors will be selling for profits and what is to come next . . . ALTERNATIVE SEASON!
What is “Alt” Season? This is when investors primarily focus on “alternative coins/tokens”— such as Solana or Litecoin—and not solely on Bitcoin.
The funds that historically fuel the alt season are normally profits from Bitcoin.
If Bitcoin breaks in Q1, this is projected to occur shortly afterwards.
🧠 Don’t Forget! Bitcoin historically rockets to a new all-time high every 4 years! First in 2013 and then continuing in 2017 then 2021 and possibly 2025?
Source: Reddit
BULL MARKET BULLETIN 📌
China Provides Serious Warning Predicted to Rocket Bitcoin’s Price! There has been a lot of talk about China, especially from the United States’ President Elect. But what hasn’t been mentioned is China’s economy is stalling! 😮 Could Bitcoin be the path that the Chinese government pursue in hopes of bringing more capital back into their economy?
How the World is Changing for Cryptocurrency. In the last year alone, we have seen so much development and acceptance of crypto, it brings a tear to our eye! In the beginning of 2024, we witnessed the first spot Bitcoin ETF, and now we are waiting for the third crypto to be announced - potentially being Litecoin! The European Union has implemented the Markets in Crypto Assets (MiCA) to oversee the crypto industry! 👀 Are we seeing regulation being put in place to fuel the Bitcoin rocket this year?!
Man Sues 3 Asia-Based Banks over $1M “Pig Butchering” Scam! How did we get to this point and what is a “pig butchering” scam? 🤔 This type of scam takes place over time because the scammers gain the trust of the victim and then vanish. In this story, a man was contacted by crypto frauds that said they would invest on behalf of him. Over several months, he transferred money totaling over $1 million through Asian-based banks to these scammers! 🤯 Is he justified to sue the banks because the frauds were able to open accounts through them?
DID WE HIT THE BULLSEYE? |
