Time to wake up and smell the Deflation! The US Dollar / DXY is pumping and bitcoin price is dropping. We all know btc is a hedge against the US dollar, so if the dollar tanks we know bitcoin will moon.. But what if the DXY moons? this will cause bitcoin to drop. IMO bitcoin price will drop more as this bitcoin dump is not over yet. I have one more downside target that needs to hold. If it does hold this will be the absolute bottom for bitcoin and you will never see prices lower than that point again. If this support is broken then I think a bitcoin crash is inevitable bringing us to targets close to our previous bitcoin bottom as price will keep crashing. Before our bitcoin bull run can continue we need to watch US markets, NYSE and the dollar. I use chart technical analysis to show support and resistance levels for drops and pumps as well as inflection points to predict moves.
Website to access charts that play out live: https://opticalartcrypto.com
Twitter page: https://twitter.com/opticalartchart
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This is not financial advice! these are only my view and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.
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