Bitcoin Takes a Breath

Okay where should I start? As I am writing this blog $BTC sits around $63,000 coming from a high of around $73,500 on March 14th. Welcome to the roller coaster ride good old Gary was referring to. There is a Fed Meeting later today that will probably impact the market in one direction or the other. If you have a long term time frame that’s really not even that long term of about 6-12 months now is a good opportunity to get into some positions that you have possibly been eyeing on the way up. I am not saying that this dip is over as many seem to be waiting for a sub 60K bitcoin to buy. Waiting this cycle has made many miss out on the run that Bitcoin just had. Previous corrections during past Bitcoin bull runs have been closer to 30% but this is not past bull runs. This is never financial advice for anyone it is just educational material on what I think about the market. The bitcoin halving is around the corner and Larry Fink is pushing for tokenization on national television. The pre halving dip has happened every cycle throughout Bitcoins history and if you adjust Bitcoins price for inflation we have not surpassed ATH yet even though the number was higher. I think Bitcoin is just getting started but we could have about a month or two left before everything really starts getting going.

With all of that being said this is not financial advice I am setting limit buy orders on altcoins that I have been watching or already own that I want to add to my positions from a few coins that have not really performed as well as I had hoped in the pre halving rally. I am consolidating my portfolio to my winners for the next leg up whenever that may be.