At this moment, the global currency collapse accelerates at an alarmingly rapid rate. The numbers are simply staggering. In the past decade, both the Chinese Yuan and US Dollar have lost a staggering 46% in value. Bitcoin’s status as a safe haven is confirmed by the golden cross pattern, which has been forming. Meanwhile, crypto breakout momentum keeps building up while institutional investors continue to pour millions of dollars into digital assets in this time of global currency crisis.
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Crypto Breakout – Bitcoin Strategy, Golden Cross and Crypto Breakout explained
This global currency crisis has utterly destroyed major currencies over the last decade. Chinese Yuan dropped 61%. US Dollar fell 46%. Euro declined 38%. British Pound plunged 34%. Even Japan’s Yen, which is usually stable, fell 29%.
The aggressive monetary policy of central banks has caused the global currency crash through their quantitative easing program and interest rates that are near zero. This policy has created a flood of newly-created currency on the market, which is eroding purchasing power and threatening global economic stability.
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Bitcoin Golden Cross Formation Rally Signals
Bitcoin investing strategy gained a lot of attention after confirming a golden-cross pattern. The 50-day moving-average crossed over the 200-day-moving-average. This signal is known to precede major rallies in the past and confirms Bitcoin as a safe-haven currency during crisis times.
As of the writing, this digital asset was trading at a price above $110,000. The technical support is also strong. MACD is a hefty +3,824 while RSI shows 67.83. This indicates healthy momentum, without excessive heating. Bitcoin grew by an incredible 60% in the last year, and has grown 17% to date.
MicroStrategy Doubles down on Bitcoin Investment Strategy
MicroStrategy They purchased 4 020 Bitcoins at a price of $427,000,000, which brings their total to 580 250 Bitcoins, valued on average at $69,979. The massive Bitcoin purchase shows institutional support for Bitcoin as a safe-haven asset during the current global currency crash.
This acquisition represents a continued belief in Bitcoin as a future currency. The Bitcoin investment strategy is working as the holdings are significantly higher than average.
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Safe Haven Properties Verified by Crypto-Breakout
Bitcoin has proven to be a safe haven during this current currency crisis. Bitcoin, with its fixed supply of 21,000,000 coins and a debasement system that is systematic in fiat currency, offers inflation protection unlike traditional currencies.
Cryptocurrencies operate independently from central bank policies which are responsible for currency devaluation around the world. The independence of the cryptocurrency attracts those investors looking for alternatives in the global currency crisis. It also offers security.
Golden cross occurs when currency instabilities reach unprecedented levels. Data from the past shows that this signal occurs before major rallies. It suggests that there is a high potential of appreciation in crypto as it continues to grow.
Companies continue to adopt Bitcoin as they recognize its utility in treasury and inflation protection. MicroStrategy’s Bitcoin investment strategy is encouraging other companies to protect shareholder value by using digital assets in this time of uncertainty.
Bitcoin, with its golden cross pattern in combination with the institutional adoption of Bitcoin, is the best crypto-breakout opportunity. It’s also a haven for those investors looking to be protected from failures within traditional currency systems during this time of global currency collapse. As of this writing, the crypto market is at a crucial juncture.
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Source: watcher.guru
