{"id":30853,"date":"2022-10-03T05:17:38","date_gmt":"2022-10-03T05:17:38","guid":{"rendered":"http:\/\/egrowonline.com\/?p=30853"},"modified":"2022-10-03T05:17:38","modified_gmt":"2022-10-03T05:17:38","slug":"next-few-weeks-are-critical-for-stock-market-and-bitcoin-analyst-says","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=30853","title":{"rendered":"Next few weeks are \u2018critical\u2019 for stock market and Bitcoin, analyst says"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMDRmMmNhMjctNzYxMi00MjAxLTk0NWUtZTA3MzkxMmFiZWMyLmpwZw==.jpg\" \/><\/p>\n<div data-v-6ebd806f=\"\">\n<p>The stock market\u2019s 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.<\/p>\n<p>During the October-December 2022 period, the analyst expects to see the S&amp;P rallying. \u201cIf that bounces or rally fails and drops back down again, then very likely, we&#8217;re entering a long-term recession and something very close to similar to 2008,&#8221; said Rastani in <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=xDliiHpe39c\" rel=\"noopener nofollow\">the latest Cointelegraph interview<\/a>. <\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"The pound and euro crisis: What does it mean for Bitcoin? | Alessio Rastani\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/xDliiHpe39c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>According to the analyst, such a recession could last until 2024 and would inevitably negatively impact the price of Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>).\u00a0<\/p>\n<p>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&#8217;s view, the U.S. dollar is approaching the top. <\/p>\n<p>\u201cOnce 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&#8217;m looking for a multi-month decline in the dollar back to 104 to the 100 level on the dollar index,\u201d he explained.\u00a0<\/p>\n<p>Check out the <a target=\"_blank\" href=\"https:\/\/youtu.be\/xDliiHpe39c\" rel=\"noopener nofollow\">full interview<\/a> on our <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/cointelegraph_com\/videos\" rel=\"noopener nofollow\">YouTube channel <\/a>and don\u2019t forget to subscribe! <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/next-few-weeks-are-critical-for-stock-market-and-bitcoin-analyst-says\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market\u2019s 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&amp;P rallying. \u201cIf that bounces or rally fails and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[646,50,215,219,593,136],"class_list":["post-30853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-critical","tag-market","tag-stock","tag-weeks"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMDRmMmNhMjctNzYxMi00MjAxLTk0NWUtZTA3MzkxMmFiZWMyLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30853"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30853\/revisions"}],"predecessor-version":[{"id":30855,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30853\/revisions\/30855"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/30854"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30853"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}