perrynoid

Golden Cross Inbound!?

Long
BITSTAMP:BTCUSD   Bitcoin
Sometime mid September there could be a golden cross if price holds support above the 200 day MA or sooner it breaks resistance around 50k. The most recent ATH did not spike above the upper boundary of the bitcoin investment tool, as occurred in every previous market cycle top. This suggests to me that a new ATH and market cycle top is still coming and that, we are definitively not in a bear market currently. Stock to flow analysis seems to suggest that 130K is the target. I think it will be a good Christmas.

This is not financial advice. I am not your financial advisor.
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