- Bitcoin is_
- Posts
- Super Bowl Pump
Super Bowl Pump
Bitcoin Hits 50K
Bitcoin Maxi’s are back. Joe Biden laser eyes marks the beginning of a new era. And Bitcoin has breached 50K. There’s finally silver lining.
Congratulations to the Kansas City Chiefs and the Swifties. It happened just like we drew it up. There’s a lot to be excited about, but as always, slow and steady wins the race.
RO
Market Analysis
Weekly View
Week in Review: Bitcoin's Bullish Momentum and Cautionary Signals
Bitcoin had a highly bullish week, breaking through the resistance zone and generating positive investor sentiment. However, there's a potential concern of a bearish divergence forming in the upcoming weeks. This divergence signals a need for caution, urging traders and investors to closely monitor key indicators for insights into Bitcoin's short-term trajectory.
Daily View
Bitcoin had a breakthrough by surpassing the crucial trend line in the recent daily analysis. Notably, Bitcoin has traded within a range of $41,100 to $44,200. Interestingly, breaking out twice and then returning. Now, it has broken above this range for the third time, indicating a potential direction for the short term after the range. This development is crucial for traders as they assess Bitcoin's immediate trajectory.
Bitcoin Dominance
Bitcoin Dominance Dynamics: Analyzing Bitcoin Dominance on Weekly and Daily Charts
Bitcoin dominance is currently undergoing significant movements on both the weekly and daily charts. Weekly analysis indicates a test in the 52% to 54% range, while the daily chart shows a breakout from a parallel channel. These combined signals suggest a potential upward trend for Bitcoin dominance, with the likelihood of testing the 60% mark. Traders should pay close attention to these developments as they could impact the broader cryptocurrency market.
Weekly Statistics
Bitcoin Market Cap
964.2 B | + 14.5 % |
Bitcoin Dominance
52.3 % | + 2.3 % |
Join the conversation