“Great Moving upside down” likely to come for bitcoin when several indicators flash: Jason Pizzino
A widely followed cryptocurrency analyst states that several indicators suddenly blink bitcoin (BTC) bullish.
In the new video update, Crypto Strategist Jason Pizzino announce His 350,000 YouTube subscribers that Bitcoin can penetrate upside down after $ 90,000.
“Bitcoin broke the monthly height of March, which overturned the macro-bear signal from above, the signal, which was essentially called in December and January, a signal that named the peak from March 2024, which five to 30%plus fix.
Next, he says that the weakness of the US dollar, measured by the US Dollar Dex (DXY), shows that Bitcoin can go from historical precedent.
The US dollar index is a US dollar value comparison compared to other widely traded global currencies. DXY on the rise shows US dollar strengthening, while the decline DXY shows US dollars.
“In addition, the US dollar is closed at its lowest price for about 37 months. It's a weekly chart and monthly comes in just three days. Usually, if this happens, we see another big move from the BTC. So, in addition to what we have already seen, if Bitcoin prices are already bitcoin prices, and” Ovaty.
Finally, he says that another factor that refers to Bitcoin's price is the dominance of the explosive drop (USDT) – the USDT market ceiling ratio to the rest of the cryptocurrency.
“In addition, the domination of USDT also breaks down, breaking the previous key levels we have watched, but still keeping an excess of 50%.”
Bitcoin trades at $ 95,252 at the time of writing, which is 2.5%in the last 24 hours.
https://www.youtube.com/watch?v=x_in-elhguc
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