The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani.
During the October-December 2022 period, the analyst expects to see the S&P rallying."If that bounces or rally fails and drops back down again, then very likely, we're entering a long-term recession and something very close to similar to 2008", said Rastani inAccording to the analyst, such a recession could last until 2024 and would inevitably negatively impact the price of Bitcoin .
Talking about the latest Pound sterling crisis, Rastani opined that its principal cause is the rally of the U.S. dollar, which is putting pressure on most other fiat currencies, including the yen and the euro. However, in Rastani's view, the U.S. dollar is approaching the top. "Once we see a clean break, a sustained break of 111.5 and 110 levels on the dollar index, then I think the top is in for the dollar. And then I'm looking for a multi-month decline in the dollar back to 104 to the 100 level on the dollar index," he explained.
alessiorastani We should stay strong. Keep holding my crypto on bfx.
alessiorastani I'm totally up for it!
alessiorastani 资本市场还要跌。直到美元指数顶部出现。只有美元指数形成头部并下跌趋势，币圈才出底部。目前位置还要跌一波
alessiorastani Big week over, with a big week coming up for the markets. Q4 is going to be interesting
alessiorastani It’s the same headline every month “this week is critical for stocks and crypto” since 2022 that’s all people say haha it’s hilarious
alessiorastani Sounds like I should spend more USDT on the dips.
alessiorastani This is insane game moodifier
alessiorastani Hmm 🤔