Bitcoin may see relief rally to $11K after Dollar Strength Index soars

The price of Bitcoin (BTC) has been stagnating in recent weeks, as it couldn’t break above $11,000 and couldn’t drop below $10,000, the ultimate sign of a continued range-bound structure. 

Such a range-bound and sideways structure could strengthen some relief on the markets, as the altcoins — especially the DeFi sector — have seen massive selloffs in recent weeks.

However, what’s next for Bitcoin as the futures expiration day is tomorrow, which most likely will cause short-term…


Source link

About bitcoin

Check Also

Commodity Analyst: ‘I Don’t See What’s Going to Stop Bitcoin From Appreciating’

A senior strategist with Bloomberg Intelligence says that he does not see what’s going to …

Leave a Reply

Your email address will not be published. Required fields are marked *