Analysis: The US dollar index fell by more than 10% in the first half of the year, and BTC may fall below $100,000 in the short term
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News: TradingView data shows that the US dollar index fell by over 10% in the first half of the year, the worst six-month performance since the third quarter of 1991. President Trump's trade war and the continued calls for Federal Reserve rate cuts are said to have put pressure on the dollar. Dan Tapiero, founder and CEO of DTAP Capital, said on X: "It looks like the dollar could easily fall another 10%... and may fall more in the next 12-24 months". Analysts believe that BTC faces selling risks and may return below $100,000 in the short term. However, if Bitcoin can stabilize at the upper edge of the consolidation range, the bearish signal will become invalid and lay the foundation for a rebound to $140,000. (CoinDesk)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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