This Factor Could Trigger Further Upside for Bitcoin and Other Crypto Assets, Says Analyst Jason Pizzino
A widely followed crypto analyst says that one catalyst could spark a bull run for Bitcoin (BTC) and other digital assets. In a new video update, crypto strategist Jason Pizzino tells his 334,000 YouTube subscribers that the latest BTC crash can be attributed to the US dollar breaking out of its slump. “Bitcoin also dropped for a few days but then found its peak when the US dollar found its low… Now we find ourselves at the present day where we’ve just seen the US dollar break out of its downtrend… And this seems to have put pressure on Bitcoin, at least in the short term.” Looking at the U.S. Dollar Index (DXY) chart, Pizzino says that while it may have some more room to rise, traders should keep an eye out for a rejection near a specific area as that could spark a massive bull market for digital assets and possibly the stock market. “I think [the DXY has] got a little bit more upside here… Now we come up to test around the 101.8 top, 10...