Bitcoin Poised for Rally as Dollar Index Weakens – Analyst

Bitcoin failed to break above $70,000, and the Thinking Crypto podcast analyst connects this to the dollar currency index (DXY). The analyst identified a DXY surge over the past two months, explaining how the inverse correlation between the two influenced Bitcoin’s price. Despite the DXY’s significant rise since September, Bitcoin demonstrated resilience by avoiding a The post Bitcoin Poised for Rally as Dollar Index Weakens – Analyst appeared first on Coin Edition .

Source: Coin Edition