Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says

According to Alessio Rastani, a forex trader and crypto analyst, the stock market’s movements over the next few weeks will determine whether we are headed towards a short-term or long-term recession.

The analyst anticipates that the S&P will rally in the October-December 2022 period. Rastani stated in a recent interview with Cointelegraph that if the rally crashes or bounces, it is very likely that we are entering a long-term recession. This would be very similar to 2008.

Analysts believe that such a recession could continue until 2024, which would invariably negatively affect the Bitcoin (BTC) price.

Rastani spoke out about the recent Pound sterling crisis and said that the U.S. Dollar rally was the main cause. This is putting pressure upon all fiat currencies including the yen, the euro, and most others. Rastani believes that the U.S. Dollar is on its way to the top.

“Once we have a clear break, a sustained break between 111.5 and 110 levels of the dollar index, then the dollar is at its peak, I believe.” He explained that he is looking for a multimonth drop in the dollar to 104 or 100 on the dollar index.

You can watch the entire interview on our YouTube channel. Don’t forget about to subscribe!

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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