Bitcoin's inverse correlation with US dollar hits 17-month highs — what's next for BTC?

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Good for Bitcoin? the U.S. dollar risks topping out after hitting its Jan. 2003 highs.

Notably, traders anticipate the in July. They also bet Fed won't raise rates beyond 3.3% by this year's end from the current 1.25%-1.5% range.

An early rate cut could happen if the inflation data cools down, thus limiting investors' appetite for the dollar, according to Wall Street analysts As a rule of technical analysis, the double top pattern could resolve when the price breaks below the support and falls by as much as the structure's maximum height, as shown in the chart below.As a result, DXY's double top profit target comes to be near 101.8, down over 3.25% from today's price.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'd like to know how much usdt it will cost in a month

the reason bitcoin is suffering is because the economy is doing terrible rn. Once things get back in place crypto will again prove to be the healthiest investment. Especially for the case of DAOs like bitDAO that have been dominating as of late

ceek

As always 😏😏😏

We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($1921) and more daily! No referral No withdrawal fees If interested, kindly send a DM

Do you people ever stop scamming?

Staaaaaaaaaaaap

Want to get into the metaverse? Come on! Join Boverse and Create a LAND MAP for Project for Free BOHR Metaverse:BOHRweb metaverse LAND

To 0?

Does anyone know how to make it commission free? $eth

Wtf does this guy know about the $DXY topping out? 🤔

Enjoy and follow our product. In partnership with X7Exchange. Banking Solutions, play to earn games, blockchain solutions with proprietary blockchain. Buying and selling BRT on X7Exchange

🧐… There is presently NOTHING “Good for Bitcoin”, if we are strictly talking price speculation! The “domino effect” of culpable so-called Crypto “lending institutions”, “DeFi”, “exchanges”, whose fundamentally PONZI scheme operations are BTC-collateralized! 🤷🏾‍♂️ theskyisfalling

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines