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

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.

Source: News Formal (newsformal.com)

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 😏😏😏

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

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🧐… 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

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