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[Ash Crypto @AshCrypto]

WHY IS BITCOIN DUMPING?

1) IRAN-ISREAL WAR

YESTERDAY, IT WAS REPORTED THAT IRAN IS PLANNING TO ATTACK ISRAEL FROM THE IRAQI TERRITORY.

AS WE ALL KNOW, WAR IS BAD FOR BITCOIN AND CRYPTO 

2) TECH GIANTS EARNINGS DISAPPOINTMENT 

YESTERDAY, MICROSOFT AND META POSTED WEAKER THAN EXPECTED RESULTS 

EVEN THOUGH THEY BOTH BEAT EXPECTATIONS, THE RISING COST ON AI CAUSED THEIR STOCK DUMP, THUS TAKING DOWN THE ENTIRE MARKET WITH IT

3) RISING BOND YIELD

10-YEAR NOTE IS NOW TRADING ABOVE 4.3%, WHICH HAS HISTORICALLY SUPPRESSED DEMAND FOR EQUITIES 

4) CORE PCE RISING

CORE PCE ROSE SLIGHTLY ABOVE 2.7%, WHICH COULD PUSH THE FED TO BE A BIT MORE HAWKISH.

CONCLUSION 

IMO, ALL THESE THINGS ARE JUST THERE FOR A TEMPORARY DUMP. 

JUST LIKE UPTOBER, MOONVEMBER HAS STARTED WITH A DUMP, AND IT'LL END WITH BTC GOING ABOVE $80,000+.

[Crypto Rover @cryptorover]

The real #Bitcoin bull market starts tomorrow.

[BITCOINLFG® @bitcoinlfgo]

BIG BREAKING 🚨

#BITCOIN TO REACH $100,000 BY DECEMBER END OR I DELETE MY X ACCOUNT.