While geopolitical tension continues to increase at the time of writing BTC price It dropped to $63,460. It’s not a good day for altcoins, with most cryptocurrencies down over 3 percent. 3 different analysts shared their current chart comments for BTC, DXY and TAO Coin a few hours ago on the last day of September. So what do these graphs tell us?
TAO Coin Review
The chart shared by Altcoin Sherpa concerns the entry point he shared before. The ground operation in Lebanon started at the time of writing, and if this tension negatively affects cryptocurrencies, the entry target set by the analyst may be realized. While TAO is at the threshold of $ 600, the shared chart points to $ 453 for entry.
At the same time, this chart is fast rising TAO Coin price It may also give ideas to those looking for a short selling opportunity. After the $508 and $453 supports, the $409 and $364 supports are marked on the chart.
The current outlook tells us that supports may be tested if the BTC price continues to weaken as we begin October.
DXY and BTC
To monitor the strength of the dollar, the DXY chart is looked at and closes below 100.5 have been sought for a long time. In today’s market assessment, Lady of Crypto discusses the DXY chart, which must fall for risk markets to rise further, and wrote the following;
“It bodes well for crypto because DXY is falling. In bear markets, investors hold cash, so the USD strengthens. In bull markets, investors sell cash for risky assets, so the USD weakens. DXY is at 9-month lows and approaching 14-month lows.”
Roman, the third and last analyst, is today Bitcoin 
$63,953He examined the daily chart of . He said the previous breakout was starting to look like a divergence and demoralized investors by pointing out the risk of a drop to $55,000.
“Our previous break started to look like an aberration. “There is a feeling we will continue the H4 consolidation for higher, but this divergence is something we need to keep in mind as $55,000-$57,000 is on the table.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
