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Viraj โ„ข๏ธ 2 minutes reading from Bitcoin

Why is US Dollar Pumping? (Op-Ed)

Bitcoin BTC Cryptocurency Altcoins Dollar

MACRO ANALYSIS 2022 v2.0 ๐Ÿ“Š

1. Where is the bottom? 2. Why is US dollar pumping?

What next? ๐Ÿ‘€

My views EXPLAINED below ๐Ÿงต

cryptotrading CryptoInvestor cryptosignals ETH xrp bnb LUNC luna euro stockmarketcrash

1.1

But, why is US dollar Index (DXY) pumping?๐Ÿ’โ€โ™‚๏ธ

-Europe facing uncertainty to the highest levels in terms of energy crisis, inflation, War etc -FED interest rates hike, bonds yield rise etc -Dollar is a safe bet for investors in general

1.2

-Crypto is no different from other asset classes -As long as DXY is showing strength, this will suck out liquidity and exposure from Crypto IMO

-Decoupling rom stock market doesn't seem logical to me atm . No good reasons sir ๐Ÿ’โ€โ™‚๏ธ

2โƒฃ - BTC

-19K looks like 6K from 2018 cycle -We should see capitulation in the coming days -Marking a new bottom around 10.5k-12k levels by mid 2023

P.S

I am bad with timelines, as they are driven by FA and nobody can see the future.

Prev ๐Ÿ‘‡

Viraj ๎จ€ โ„ข ๐Ÿ’ซ on TwitterViraj ๎จ€ โ„ข ๐Ÿ’ซ on Twitter

3โƒฃ - Total Market Cap

If BTC starts capitulating to those levels mentioned above then the T.Mcap will get a sharp hit too.

Altcoins will be crushed to death -Only a few will survive , creating a new cycle of tokens.

Choose your long term investments wisely ๐ŸคŸ

These are my thoughts based on my understanding.

Let's see how it plays out! โœŒ๏ธ

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This post is based on this twitter thread.

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