Crypto Daily – The price fell to $63,500 as the Federal Reserve announced that interest rates would stay the same. However, future rate cuts are being signalled, and the stock market surged on this news. Are the signs there that Bitcoin is about to follow suit?
Noise is obscuring the obvious
Noise, noise, and more noise is enveloping the markets. Will the Fed signal a future rate cut (it did)? How much of the Mt. Gox $BTC will be sold? Will the US government sell any more of its Silk Road Bitcoin? Are the Bitcoin whales stacking (they are)? Is Bitcoin going to once more be rejected from the $70,000 level?
The Bitcoin price goes up – it goes down – it chops sideways. However, what is this asset? For those who truly understand what Bitcoin is, and what it can do, all this noise is just by the by. Bitcoin is in a bull market, and it is likely to keep going up until such time as the bull trend is invalidated.
$BTC latest correction has been arrested
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