Hello

This week, Bitcoin decisively broke out of its trading range between $38,000 to $40,000, rallying over 15% to briefly surpass $44,000. The surge comes as crypto sentiment improves and traditional financial markets strengthen amid easing inflation data and interest rate hike projections.

While still far from its all-time high of around $69,000 from November last year, Bitcoin has overcome significant technical resistance dating back to its June collapse below $30k. The psychologically important $40k level has also been elusive for months. Sustaining above it lays the foundation to test higher toward the next barrier, which is around $48k.

With positive momentum indicators like the Relative Strength Index rising alongside the price breakout, additional near-term upside appears likely. Bitcoin closed the week by reclaiming its 50-day moving average for the first time since August, while altcoins also rallied strongly off their September lows.

Nonetheless, Bitcoin remains almost 65% below its peak, a reminder of just how devastating this year's so-called crypto winter has been. While the macro environment improves and crypto adoption rises, BTC still faces multi-year resistance levels, representing deep-value sellers. Only a decisive move past $50k invalidates the long-grind bear thesis and ushers us fully into the bull market. Until then, brisk rallies can rapidly unwind.

As we gradually get set for the forthcoming bull run, keep learning and accumulating good coins in your portfolio to prepare for the bountiful harvest.

Some good coins you may consider adding to your portfolio are:

(1) Ethereum

(2) Dogechain

(3) TARA

(4) Arbitrum

(5) Space ID

(6) ORDI

(7) Fetch AI

(8) IMX

(9) ZKID

A little of each in your portfolio will do, okay?

Best regards.

Dr. Somto