Bitcoin Chart

Today’s date is September 9th, 2022. Bitcoin’s current price is $21,060 and has its biggest daily gain in almost 6 months at a 9% increase. World news has the markets rallying with the USD dollar price decreasing almost 1% today giving people hope that the strength of the dollar might not continue to wreak havoc on markets. Also, the queen passed away yesterday and the announcement in the U.K of the freezing of gas and electricity bills to help save the economy. They will be printing and stimulating the economy in hopes to combat the extreme prices incoming from the natural gas crisis etc. Looking at the increase today might help Bitcoin to exit the downward channel labeled 1 and bottom out on the ascending channel 2 at approx $22,000 USD. Keeping an eye through the weekend to see if price increases will hold but people are hopeful for the 2023 rate cut to persist.