Decision Time In The Dollar Could Impact Bitcoin Trend Dramatically
Bitcoin price is back trending upward after reclaiming $50,000 and the pivotal $1 trillion market cap level. With new all-time highs in sight, the only factor that could have a dramatic impact on the current crypto market trend, is a reversal in the dollar. This reversal has been brewing for some time, but has yet to come to fruition. It’s now decision time, and what happens in the dollar in the next 24 to 48 […]
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Yesterday the pair BTC:USD was trading in a sideways trend of $428 - $433. The price has reached a top of $433, thus forming an ascending triangle. But there was not enough effort to move up. The market froze in uncertainty. Both the bullish trend and bearish trend are now possible. A breakthrough by one of the parties would mean a shift in the price of at least $20, up to $455 or down to $410. The reason for this is the strengthened position of the US Dollar in recent days, which today is in high demand among players. Yesterday, the Dollar again showed a strong position on foreign....