Crypto Analyst Says Surging US Dollar To Come Down Hard on Bitcoin (BTC), Ethereum (ETH) and Stock Market - BitcoinEthereumNews.com
Bitcoin crypto EthereumSinasabi ng Crypto Analyst na ang pagtaas ng US Dollar ay Para Bumaba nang husto sa Bitcoin (BTC), Ethereum (ETH) at Stock Market07 / 05 / 2022Balita ng Ethereum ng Bitcoin A popular crypto analyst warns the strength of the US Dollar Index (DXY) spells bad news for both digital assets and the stock market. Ang mangangalakal ng Crypto na si Justin Benett nagsasabi his 101,900 Twitter followers that DXYs current surge points to Bitcoin (BTC), Ethereum (ETH) and the stock market remaining down for at least a year. Many wont like this but… The DXY closed above a significant multi-year level in June, and today were seeing new 20-year highs from the dollar index. All signs point to 120, suggesting another 12-20 months of suppressed movement from stocks and crypto. Pinagmulan: JustinBenettFX/Twitter Ang negosyante sabi ni that the stark warning comes with a silver lining for crypto bulls. Heres the silver lining… This is the monthly chart, and 12-20 months is a long time. So its very likely that we will see several relief rallies from crypto during this time. Just because the DXY is trending higher doesn‘t mean risk assets can’t stabilize or even rally. Pagtatasa Bitcoin specifically, Benett warns his traders not to trust sudden weekend