Victory Lap

victory lap

/

noun 

/ˈvɪk.tər.i ˌlæp

1. a run or drive around a track or sports field that is made by a winner of a race or a team that has won a game

2. an occasion when someone is proud of something that they have done and invites other people to admire them

We all need a victory lap.

After holding steady for a couple of years after taking my NFL contract into BTC, I typically prefer a measured approach and allow the numbers to do the talking… but not today.

Enjoy the ride,

RO

Market Analysis

Weekly View

Navigating Uncertainty: Bitcoin's Consolidation and Future Rally Signals

Bitcoin has closed the first week above the previously mentioned zone at $57,500 and $61,600, signaling a potential shift in market dynamics. To confirm the onset of a new bull run, we await two more consecutive closes in this elevated range. However, predicting Bitcoin's precise movements can be challenging. It's conceivable that Bitcoin might consolidate in this zone for several weeks, entering a re-accumulation phase before a renewed rally begins. Traders and investors should exercise caution and closely monitor the evolving patterns as the market navigates this critical juncture.

Daily View

Daily Milestone: Bitcoin's Record Close and Potential Corrections

Turning to the daily perspective, Bitcoin achieved a historic milestone by closing yesterday at its highest level ever recorded at $68,285 . However, it's essential to note that such achievements often attract profit-taking from traders. Therefore, a potential correction could be in the cards. Traders might consider key levels, with possible correction zones around $63,000 and $65,000.

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.