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We've lost the 50-week moving average ❌ #Bitcoin Bull Market is over. Welcome to the Bear Market! 📉 🥳
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🚨 TODAY: Peter Schiff labels Strategy's business model as "fraud" and challenges Michael Saylor to a debate. Will Saylor accept the challenge? 👍 - Yes, he will. 👎 - No.
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📉 $BTC The 1-day RSI for Bitcoin is at its most oversold level in the past year.
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# US Dollar Analysis The US Dollar is consolidating within an ascending channel and is currently rebounding from the channel's support trendline. The Ichimoku Cloud is serving as a resistance barrier above the current price action. A breakout above the cloud will confirm the potential for further upward movement, while a breakdown below the channel's support trendline will indicate a possible continuation to the downside. Considering the US Dollar's typical inverse relationship with the crypto market, this price action could play a crucial role in shaping upcoming trends in the crypto sector.
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🚨 UPDATE: According to CME Group, there is now only a 44.4% chance of a rate cut in December. Remember when rate cuts weren't a big deal?
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