Bitcoin price at risk? US Dollar index confirms bullish ‘golden cross’
Concerns over the U.S. dollar's impact on Bitcoin may be overstated by investors, particularly in the longer term.
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Concerns over the U.S. dollar's impact on Bitcoin may be overstated by investors, particularly in the longer term.
The Dollar Index disconnect from Bitcoin does not necessarily mean that BTC price is about to experience a big rally, historic data suggests.
With support and resistance inches from spot price, BTC/USD has increasingly little room to consolidate.
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling.
A failure to hold $40,000 comes as the U.S. dollar currency index finally weakens.
As the U.S. dollar challenges March 2020 highs, all bets are off when it comes to fresh Bitcoin price strength.