The crypto trader and analyst Jason Pizzino uploaded his latest technical analysis for Bitcoin (BTC) to his YouTube channel this morning. In the video, he shared that altcoins are currently in a short-term bloodbath, and stated that this brief bearish period is needed before the market can enter into the next bull run.
The trader also brought up the fact that the crypto fear and greed index had attempted to break a key resistance level at around 80. Since then, the technical indicator has retraced slightly. Nevertheless, Pizzino predicted that another pullback will occur to stabilize market sentiment, which is currently in extreme greed territory.
He also included an analysis of the U.S. Dollar Index (USDX), and mentioned that it is currently resting on a key support level at 100.2. A weakening dollar is fa…
The post USDX Breaching the Next Support Level Will Lead to a BTC Rally appeared first on Coin Edition.
The crypto trader and analyst Jason Pizzino uploaded his latest technical analysis for Bitcoin (BTC) to his YouTube channel this morning. In the video, he shared that altcoins are currently in a short-term bloodbath, and stated that this brief bearish period is needed before the market can enter into the next bull run.
The trader also brought up the fact that the crypto fear and greed index had attempted to break a key resistance level at around 80. Since then, the technical indicator has retraced slightly. Nevertheless, Pizzino predicted that another pullback will occur to stabilize market sentiment, which is currently in extreme greed territory.
He also included an analysis of the U.S. Dollar Index (USDX), and mentioned that it is currently resting on a key support level at 100.2. A weakening dollar is fa…
The post USDX Breaching the Next Support Level Will Lead to a BTC Rally appeared first on Coin Edition.