Most of the explaination is on the chart
I have updated this from the last time I posted it due to the recent push up, which appears to have happened earlier than expected ( Arrowed )
This has also ossibly happened early in response to the DXY and the FED predicted Rate hike on Feb 1st.
People are talking about a 25 point rise and not a 50 - If 50 or higher comes in, BTC PA will suffer ( 50 may cause range bound)
ALL hinges on DXY and how it plays out.
I have updated this from the last time I posted it due to the recent push up, which appears to have happened earlier than expected ( Arrowed )
This has also ossibly happened early in response to the DXY and the FED predicted Rate hike on Feb 1st.
People are talking about a 25 point rise and not a 50 - If 50 or higher comes in, BTC PA will suffer ( 50 may cause range bound)
ALL hinges on DXY and how it plays out.