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Surprisingly for some, Bitcoin has managed to maintain its price level despite the rise in value of the USD over the past two days. Data from TradingView shows that in spite of the continued climb of the DXY in recent weeks, BTC continues to trade in an increasingly tightening range between $18,500 and $19,750.
$BTC is breaking higher today, and retail traders have once again placed their liquidation levels at a key area, in this case, $19,600.— Justin Bennett September 26, 2022 British Pound falls to an all-time low This development could also eventually prove to be beneficial for Bitcoin, which is increasingly being looked at as an inflation hedge in the face of declining fiat currencies and underperformance by gold.
Source: Digital Coin News (digitalcoinnews.net)
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