$BTC Attention here! Not everything is about looking at the Bitcoin chart, we need to see what the Dollar is doing 🇺🇸
It turns out that the dollar woke up with ambition and had its best increase 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 who prefers to keep interest rates very high so that inflation does not get out of control.
Look at it this way, when the dollar gets strong and expensive, investors prefer the safety of cash rather than risking with Bitcoin or Gold. Bitcoin has been fighting like a warrior between $75k and $80k, but with such a cocky dollar, it will be much harder to rise. Moreover, with the partial government shutdown in the U.S., we do not have clear employment data, and you know that the market hates uncertainty.
So, investors, this is where the nerves of steel are seen... Do you think Bitcoin has the strength to ignore the dollar and return to $85,000 this week, or do we have to sit and wait for the dollar to calm down a bit?
