A very important technical indication has happened yesterday. With the price moving above $5500 bitcoin completed the Golden Cross. It is the pattern indicating for a major price rally, where the short term moving average crosses the long term moving average which confirms for a short term price rally. This price rallying could take the price reach $7000 - $8000.
Note : Short term moving average - 50 day moving average
Long term moving average - 200 day moving average
For now it is good to look upon the good that is happening with bitcoin and make the decision and not to get into FUD or fall to the FOMO.
