HomeUncategorizedHere’s what could spark a ‘huge BTC rally’ as Bitcoin clings to $19K By Cointelegraph

Here’s what could spark a ‘huge BTC rally’ as Bitcoin clings to $19K By Cointelegraph

October 20, 2022

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Here’s what could spark a ‘huge BTC rally’ as Bitcoin clings to $19K

(BTC) sagged with United States equities at the Oct. 19 Wall Street open as markets awaited tech earnings.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,000 after falling steadily overnight.

Eurozone annual inflation rates chart (screenshot). Source: Eurostat
(DXY) 1-hour candle chart. Source: TradingView
U.S. dollar index (DXY) chart with parabola lines shown. Source: Kevin Svenson/ Twitter