.. And Bitcoin Is Still NOT DEAD.

Historic comebacks can be difficult to spot as they are unfolding. Its only in hindsight that you can fully appreciate what it took to achieve these rare feats. Hideki Matsuyama is the champion of the week, he has demonstrated remarkable fortitude coming back to win the Genesis Invitational in historic fashion: "Ever since that injury, I was worried every week that something bad might happen to my back, but this week I had no issue. I played without any worries.” It seems that life is always sharing a lesson. As Bitcoin comes roaring back, we’ve been down but never out.

RO

Market Analysis

Weekly View

Weekly Wrap-Up: Bitcoin's Positive Momentum and Caution Ahead

Last week, Bitcoin's weekly chart showed a positive sign with the candle closing above a crucial horizontal level which is a positive development. However, there's a potential concern as a bearish divergence may be forming on the weekly. Looking forward, the next resistance zone stands at around $58,000, marking the next hurdle for Bitcoin.

Short Time Frames

4-Hour Breakout: Bitcoin's Upward Signal Unveiled

On the 4-hour chart, Bitcoin is currently consolidating within a range, and any breakout from this range could provide a signal for the direction of BTC in the short term. Traders are advised to closely monitor this development for insights into Bitcoin's immediate direction.

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.