$BTC Attention here! Not everything is about looking at the Bitcoin chart; it's necessary to see what the Dollar 🇺🇸 is doing.
It turns out that the dollar woke up with determination and had its best rise in 9 months. Why does this matter to us? Because there is a new name sounding strong to lead the FED: Kevin Warsh. This gentleman is known to be a hawk, meaning one of those who prefer to keep interest rates very high so that inflation does not escape.
Think of it this way: when the dollar is strong and expensive, investors prefer the safety of cash rather than risking it with Bitcoin or Gold. Bitcoin has been fighting like a warrior between $75k and $80k, but with such a convincing dollar, it will cost much more to rise. Moreover, with the partial government shutdown in the USA, we don't have clear employment data, and you know that uncertainty does not sit well in the market.
So, investors, this is where you see the nerves of steel... Do you think Bitcoin has the strength to ignore the dollar and return to $85,000 this same week, or do we need to sit and wait for the dollar to calm down a bit?
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#GoldSilverRebound
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