USDX Breaching the Next Support Level Will Lead to a BTC Rally

• The crypto trader and analyst Jason Pizzino discussed the current altcoin market bloodbath in his latest video.
• According to him, the market will experience another pullback in the short-term before rallying.
• Pizzino predicted that the USDX breaking below the current support level will result in BTC pumping.

The crypto trader and analyst Jason Pizzino uploaded his latest technical analysis for Bitcoin (BTC) to his YouTube channel this morning. In the video, he shared that altcoins are currently in a short-term bloodbath, and stated that this brief bearish period is needed before the market can enter into the next bull run.

The trader also brought up the fact that the crypto fear and greed index had attempted to break a key resistance level at around 80. Since then, the technical indicator has retraced slightly. Nevertheless, Pizzino predicted that another pullback will occur to stabilize market sentiment, which is currently in extreme greed territory.

He also included an analysis of the U.S. Dollar Index (USDX), and mentioned that it is currently resting on a key support level at 100.2. A weakening dollar is fa…

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