Bitcoin Golden Cross is Here!

Bitcoin recently hit 5660 and corrected down below 5000 momentarily, but it is of no consequence. There was some nonsense FUD against Tether (USDT) and Bitfinex, it boils down to this. Tether originally was advertised as a stable coin fully backed by US Dollars (USD), in order to be a stable coin to buy and hold while the Crypto market is on a decline. However recently they changed their website to state that they will back up the USDT with currency sometimes other than USD, but of equal value. So for example instead of having all USD, they may have some Euros or some Yen, who cares if it equals the same amount? Article here:
https://dailyhodl.com/2019/04/25/bitcoin-btc-stumbles-as-new-york-attorney-general-accuses-crypto-exchange-bitfinex-and-tether-of-massive-cover-up/
Again this is of no consequence, Bitfinex and Tether are still fine, but if you do not like them they are not the only exchange, and Tether is not the only stable coin. Aside from all of this controversy Bitcoin was way over bought and needed to cool down. Bitcoin does just this, it goes way over bought and makes huge gains only to tumble down for a while then out of nowhere pushes way up to new highs. It is a bumpy scary ride, but when you spend high prices of admission into the amusement park that is what you get. In the end the ends will justify the means, I believe Bitcoin will make new highs in the $34,000 range sometimes in 2020 before the block halving.

The Golden Cross is here!

What does the Golden Cross mean? It means the savvy investors know that it is time to get in, we are in the accumulation period now. However with the current FUD in the market we may see some short term bear movements, in my opinion it is just another opportunity to buy more before the price moves up higher.

I am not a financial advisory and this is not financial advice, invest at your own risk.