Bitcoin's Halve Time Show

Just as the Super Bowl halftime show is a highly anticipated event that occurs during the midpoint of the biggest football game of the year, the Bitcoin halving is a much-awaited event that takes place approximately every four years, marking a significant milestone in the Bitcoin mining.

I knew it was real when my mother asked me about Bitcoin again. The pressure is on, there is a surge of activity and attention on what’s going to happen. There’s so much speculation: How will this effect the price? What’s going to happen to mining rewards? Will Bitcoin finally reach 100K (or 1M)?

One can never really know BUT there will be more projects, partnerships, and people building on top of Bitcoin. That’s huge for the industry. Also doesn’t hurt BTC had a championship shoutout on UFC 300 a couple of days ago.

Let it ride,

RO

Market Analysis

Weekly View

Bitcoin's Weekly Recap: Pullback and Critical Zone Test

In this week's newsletter, we continue our analysis of Bitcoin's recent movements. Last week, Bitcoin experienced a pullback, dropping to the $65,000 - $66,000 range. Last week began with a bullish movement however, towards the end of the week and over the weekend, Bitcoin sharply dropped and tested the upper boundary of the critical zone between $57,500 to $61,600, rebounding from this level. This zone remains pivotal for sustaining Bitcoin's upward momentum, emphasizing its importance for trend continuation.

Daily View

Bitcoin's Daily Update: Triangle Pattern Breakout and Subsequent Bearish Shift

In our daily analysis update, we mentioned Bitcoin's recent formation of a triangle pattern last week, which Bitcoin broke to the upside. However, Bitcoin invalidated this bullish signal by closing below the pattern after briefly closing above it, signaling a bearish shift. This triggered a move towards the end of last week, pulling Bitcoin back to $61,000. Currently, Bitcoin is testing the zone between $59,000 to $61,500, forming a trading range between this zone and the zone of $68,500 to $71,000 mentioned earlier. This consolidation indicates uncertainty in the market and suggests potential for further price fluctuations.

Weekly Statistics

Bitcoin Market Cap

Bitcoin Dominance

Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy, sell, or hold any financial instruments.