Bitcoin (BTC) has been trading towards the middle of its trading range in the month. It has a current price range of about 10% between low and high. The price changes on a monthly basis have typically been larger over the last four years. This suggests that Bitcoin will experience significant movement soon. According to […]
DXY
Wells Fargo Predicts Bitcoin Could Soar with Dollar’s Ongoing Slide
Wells Fargo forecasts a Bitcoin rally as the U.S. dollar weakens, citing a 10-week lag in Bitcoin’s inverse correlation with the DXY index.
Dollar Dips, Bitcoin Rises? Analyst Warns of Hidden Risks
Bitcoin’s outlook has turned into a tug-of-war as the US dollar weakens, but financial indicators raise red flags. The US Dollar Index (DXY) tumbled to 103.85 on March 10, marking its lowest level in four months. While this decline could fuel a Bitcoin rally, Real Vision crypto analyst Jamie Coutts warns that two financial metrics—Treasury […]
Dollar’s Dominance Sparks Crypto Caution: Bitcoin Bucks the Trend
The recent resurgence of the US Dollar Index (DXY) has sent shockwaves through the cryptocurrency and S&P 500 markets, according to recent insights by a crypto intelligence platform, Santiment. The DXY, reaching levels unseen since November, has historically signaled bearish sentiments for these assets. However, Bitcoin’s surprising resilience suggests the potential for a breakout once […]