Bitcoin we have to give credit where credit is due has been strong from the October 2020 time to around October the following year, but now in my opinion BTC and the Crypto market is general is under threat, VIX is rising and this means Volatility and Ill confidence is brewing, Stocks are beginning to fall from their almighty Post-Covid rallies, XAU is falling from highs and the major currencies are being obliterated, meanwhile we are seeing crazy strength brewing in the USD$, so right now Bitcoin is making a bear flag and last weeks candle to me signifies expect more downwards pressure. The real question is if everything else is crashing and volatility is rising will some of the big time investors start unloading? What we can use is the March 2020 spike in the DXY index, this caused stocks to crash very hard and Bitcoin fell to around $4k-$5k, DXY is now above this level! and to be honest with you I expect a major crash in Cryptos and It may start very soon.
Comment:
Bitcoin down $4000-$5000 since this post!
Comment:
$9000-$10000 fall since post// Hope you either saved some money by selling assets or catching this trade!
Trade closed: target reached
