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💎 Your Premium Cryptocurrency Insight! (25 Dec 2024)
🎁 Bitcoin’s Surprise Gift — A Date to Remember! 📅 Unveiling What the Charts Predict for 2025! 🚀
Jonathan Hamblin
December 25, 2024
Hello and welcome back to . . .
BULL MARKET BYTES
Your byte of cryptocurrency insight where Bitcoin is looking strong as it pushes to break $100,000 . . .
Is it just me or is anyone else having déjà vu? 😅
📊 CRYPTOCURRENCY ANALYSIS
📌 BULL MARKET BULLETIN
Statistics as of: 25 Dec 2024 @ 9:55am EST
As we approach the end of the year, there is speculation that 2025 may be “the year of the crypto” . . .
I just want it to be the year of the positive portfolio balance. 😂
For today’s newsletter, we are going to dive into the potential that 2025 may hold and who knows . . .
Maybe Bitcoin’s rocket is closer than we think.
But before dive in . . .
🚨 (Alarm sounds)
Please standby for a word from today’s sponsor!
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Thank you to Upmarket for sponsoring today’s newsletter! 🙏
. . . Invest wisely, not financial advice!
MARKET OVERVIEW (7-DAY)
Source: Weekly Gainers by TradingView
Source: Weekly Losers by TradingView
BITCOIN’S TECHNICAL ANALYTICS
For many cryptocurrency enthusiasts, we have been waiting for 2025 for 4 years . . .
Since the previous bull market run.
Historically, Bitcoin has this bull market run every four years - our fingers and toes are crossed for this to continue!
For today, we are taking a look at Bitcoin’s daily chart - and the reason for this . . .
Bitcoin’s rocket is closer than we think!
With our recent pullback in price, we have established support as we covered during our previous newsletter.
We now have a strong projection that actually highlights a significant date!
📅 January 20th, 2025!
Let’s take a look at the chart below!
Source: TradingView (25 Dec 2024) Bitcoin’s Daily Chart
For our reader’s that may have missed our last newsletter - the blue shaded area is key!
Blue Shaded Area - Where Bitcoin must consolidate and maintain to stay in “bullish territory”.
With our pullback - we have touched the bottom and are now building from there.
🔮 Our Projection! A cup and handle formation towards the current all-time high is not far-fetched.
And what is interesting . . . the support and resistance meet on the 20th of January - the US Presidential Inauguration date!
🧠 Keep in Mind! Bitcoin exploded when Donald Trump was selected as President Elect - will another rocket follow on this date?
WHAT TO ANTICIPATE
Building support was essential for Bitcoin to continue its move higher.
It provides confidence in investors and traders - especially when we are looking at the daily and weekly charts.
With overextension in any asset or commodity - it will be viewed as weakness and traders will anticipate downward movement.
Now that we have experienced Bitcoin’s pullback down towards $90,000, we can all sleep better at night.
Overall, we still hold to what we said in our previous newsletter . . .
🌎 In a perfect world that will never exist as long as I am not Fabio - we need Bitcoin to maintain above $90,000 . . .
. . . 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.
We can’t forget about the projection of the cup and handle formation!
This formation projected within Bitcoin’s daily chart (as shown above) gives us two things that we need.
A projection of Bitcoin breaking the all-time high
Bitcoin breaking the all-time high in a healthy manner
We need to maintain above $92,000 and follow the support line towards $108,000 - we are in healthy territory.
What If We Break $92,000? Anticipate a movement back down towards the support of $80,000 - $85,000.
🧠 Don’t Forget! Slow and steady wins the race! Even though we want +5,000% overnight - that could result in -5,000% the next day!
Source: Reddit
BULL MARKET BULLETIN 📌
6 Major Crypto Factors in 2025! Next year could be the rocket that we have been patiently waiting for with Bitcoin “mooning” . . . but what are the variables that are going to fuel this rocket? Worldwide adoption and lighter regulation! Let’s not forget, the cryptocurrency market overall is valued at $3.4 trillion - and we only project that it will continue to grow!
Bitcoin’s Peak in Three Weeks - If History Repeats. 2025 is right around the corner - and this may be the “year of the crypto”! The average duration from Bitcoin’s first to last all-time price high has been 318 days, and lucky for us . . . that would mean the peak would be January 17, 2025. Our thoughts? We do believe 2025 will bring a massive spike in price . . . and with the date - only time will tell. 😅
Penalty Must Be Paid After $40 Billion Crash! Jump Trading Group was a top winner during the last crypto bull market, but now they are paying the price (literally) from Do Kwon and the instability of TerraUSD. They are now ordered to pay $123 million dollars - but do you believe that is enough for initiating a $40 billion crash where thousands of investors lost money?
DID WE HIT THE BULLSEYE? |
