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NeutronMan
Oct 5, 2022 3:16 AM

Bitcoin Analysis 10/4/22 (DXY About to Pump?) Short

U.S. Dollar Currency IndexTVC

Description

The DXY appears to have retested this picturesque Falling Wedge pattern on the 2 Hour Chart. If the DXY starts running we could see BTC continue it's potential journey to 12k. The pump we saw the last two days isn't enough evidence for me to believe we're about to enter a new bull run. Two days of positive price action doesn't solve the inflation issue that easily unless if the Fed stops raising interest rates but I doubt that'll happen.
Comments
Self-MadeFX
Bitcoin going to 10K
peterbhc
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