Hello, I only update my previous analysis
And I don't want to change the general view
The possibility of a recession in the US economy is high, but the end of the strength of the US dollar is also near
Last month, Brazil and China signed a trade agreement with their national currencies. China is trying to challenge the dollar among the countries of the world. In fact, weakening the value of the dollar can benefit the countries that are currently sanctioned by the United States.
India has also made good policies to leave the dollar out of exchanges and tend towards the ruble and rupee in its exchanges with Moscow.
Russia initiated the de-dollarization program of its economy in 2014, that was the time when the West imposed its first round of sanctions against this country over "Crimea". Russia introduced the use of an alternative currency and it is set to continue using the yuan currency on a wider level not only with China but also with African and Latin American countries on Putin's orders.
But Bitcoin can also be a good anti-inflationary asset, but you have to check the conditions from a technical point of view
Currently, if we cannot go above the 20-day moving average, there is no news of price growth
And if the support of the 50-day moving average is broken, it will signal a deeper fall in the market
Check out our previous reviews
Good luck
And I don't want to change the general view
The possibility of a recession in the US economy is high, but the end of the strength of the US dollar is also near
Last month, Brazil and China signed a trade agreement with their national currencies. China is trying to challenge the dollar among the countries of the world. In fact, weakening the value of the dollar can benefit the countries that are currently sanctioned by the United States.
India has also made good policies to leave the dollar out of exchanges and tend towards the ruble and rupee in its exchanges with Moscow.
Russia initiated the de-dollarization program of its economy in 2014, that was the time when the West imposed its first round of sanctions against this country over "Crimea". Russia introduced the use of an alternative currency and it is set to continue using the yuan currency on a wider level not only with China but also with African and Latin American countries on Putin's orders.
But Bitcoin can also be a good anti-inflationary asset, but you have to check the conditions from a technical point of view
Currently, if we cannot go above the 20-day moving average, there is no news of price growth
And if the support of the 50-day moving average is broken, it will signal a deeper fall in the market
Check out our previous reviews
Good luck
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