The Meme Machine

It’s no secret that the disparity of wealth creation is becoming larger, the rich keep getting richer and the poor, well, all they can do is keep their head above water. What happens when people lose hope in wealth creation?

MEMES.

The meme machine is taking the world by storm (see $WIF and $Boden), as people realize the traditional paths to wealth are not accessible, they resort to alternative memes of survival. In the meme world, fortunes are made and lost faster than you can say “HODL”. Rather than stick my head in the sand and shake my head at what’s being built, I chose to pay attention. These investors are digitally native and global, and their markets never close. Money never sleeps, it’s always moving and evolving. This is why Bitcoin as a form of settlement and serving as the “internet of money” will help it win.

It’s inevitable,

RO

Market Analysis

Weekly View

Navigating Bitcoin's Recent Fluctuations: Insights and Analysis

In this week's newsletter, we're examining Bitcoin's recent movements following its record-high weekly close at $71,725, two weeks ago. Last week, Bitcoin faced a pullback, dropping to the $65,000 to $66,000 range. A noteworthy observation: it formed a hanging man candle. However, this week started with a bullish reversal. We're closely monitoring Bitcoin's behavior amid these fluctuations, emphasizing the importance of stability above the critical zone between $57,500 to $61,600. For more analysis, revisit our past insights here.

Daily View

Analyzing Bitcoin's Triangle Breakout: Implications and Momentum

In our daily analysis update, we note Bitcoin's recent formation of a triangle pattern, which Bitcoin broke yesterday to the upside. Today, Bitcoin is retesting the upper boundary of this pattern. Confirmation of a continuation is anticipated after a retest and also closing above the zone of $68,500 to $71,000 for two consecutive days. This pattern signals a potential shift in market sentiment and offers insights into future bullish movements.

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.