Price analysis 4/24: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin and select altcoins are at risk of falling below their respective support levels and starting a deeper correction.

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Why did bitcoin mining stocks end down on Monday?

Bitcoin mining stocks declined in line with the bitcoin price today. U. S. dollar strength pushed BTC under $30,000 again on Monday. DXY climbed today on the back of Empire State Manufacturing data.

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Price analysis 4/17: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin and select altcoins are witnessing a pullback, indicating that traders may be booking profits and reducing risk.

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Crypto price predictions: Dogecoin, XRP, Casper Network

Cryptocurrency prices went nowhere this week as focus remained on the happenings in the United States, where data revealed that the economy was weakening. Bitcoin price remained in a consolidation phase even as the US dollar index (DXY) plunged.

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Price analysis 4/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support, and this could provide tailwinds for altcoins.

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Bitcoin Back Above $28,000, But DXY Spoils Short-Term Outlook

The Bitcoin price plunged 2. 2% at the beginning of the trading session in Asia, but managed to hold the important support at $27,700. However, a breakout of the US Dollar Index (DXY) could mean another pullback for the Bitcoin price in the short-term if the inverse correlation remains high.

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Price analysis 3/27: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

The crypto market corrected on news of the CFTC suing Binance and its CEO Changpeng Zhao, but technical charts reveal a silver lining.

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Price analysis 3/6: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take.

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Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.

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Bitcoin price eyes $23K despite US dollar strength hitting 6-week high

The U.S. Dollar Index (DXY) is gaining ground more rapidly than Bitcoin after fresh economic data surprises from Washington.

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Price analysis 2/6: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

The US dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as DOGE.

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Price analysis 1/23: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

The rally in stocks could be giving Bitcoin price a boost, and the crypto market could see more fireworks if the Fed confirms investors' expectation that rate hikes will slow down.

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Price analysis 1/9: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, LTC

DXY is cooling off and crypto and equities are starting to heat up. Cointelegraph explores how BTC and altcoins could react to the current bullish momentum in the market.

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Bitcoin price prediction as the US dollar index plummets

Bitcoin price has been in a tight range in the past few weeks. Bitcoin’s fear and greed index has dropped to the fear level of 25. The US dollar index has plummeted to $103. Bitcoin price has held in a tight range even as the US dollar index (DXY) has plunged to the lowest level […] The post Bitcoin price prediction as the US dollar index plummets appeared first on CoinJournal.

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Bitcoin ditches $16K dip as ‘Leeroy Jenkins’ Bank of Japan flattens dollar

BTC price sees short-term relief as the DXY falls, but Bitcoin analysts warn that Japan's move means carnage for global markets.

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Price analysis 11/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT

Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week.

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Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT

Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.

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Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.

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Price analysis 10/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

The S&P 500 and Bitcoin bounced off their nearby support levels, indicating that the bulls have not given up and are possibly buying the dips.

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Price analysis 10/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

Buyers could not build upon the strong recovery of Oct. 13, indicating that higher levels continue to attract selling in the U.S. equities markets and Bitcoin.

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Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

Markets corrected as U.S. jobs data reflected a stubbornly robust labor market, adding further confirmation to investors’ belief that the Federal Reserve will continue with its aggressive rate hikes.

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Global Markets and Bitcoin on Macro Support, All Eyes on DXY

Global markets and cryptocurrencies have been experiencing deep declines for months. The strong correlation of Bitcoin's price with traditional stock markets further exacerbates this trend. Dominating all of this is the parabolic rise of the U.

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Bitcoin price prediction as the US dollar index (DXY) spikes

Bitcoin price came under intense pressure this week as the VIX and the US…

The post Bitcoin price prediction as the US dollar index (DXY) spikes appeared first on CoinJournal.

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Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week.

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Price analysis 9/16: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices.

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WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close. Take a look at the video below.

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Bitcoin price approaches potential springboard to $23K as DXY cools surge

With support and resistance inches from its spot price, BTC/USD has increasingly little room to consolidate.

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Dollar Touches Trend Line That Brings The Best Bitcoin ROI

Bitcoin price is still in a short-term downtrend. Meanwhile, the dollar has gone completely parabolic in the face of Fed monetary policy tightening and record-setting inflation numbers. The spike in the DXY has reached the 103 level and at the same time touched a trend line that has in the past kicked off some of […]

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Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength

Bitcoin price is currently on the ropes, potentially about to lose support at around $56,000. But could the recent weakness in the cryptocurrency market be more a factor of a strong dollar? TD Sequential Triggers Anti-Correlated Signals On BTCUSD, DXY Weeks ago, we posed the question if or not the Dollar Currency Index making new highs in 2021 was a dangerous situation for Bitcoin.

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Bitcoin price bounces at $50K amid 4-month highs for DXY

Federal Reserve Chair Jerome Powell hints that monetary stimulus could be withdrawn thanks to "substantial progress" in the U.S. economic recovery.

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Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K

Bitcoin is slumping as the DXY breaks out and the U.S. stock market tanks.

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Bitcoin price hits 1-week low as US dollar currency index aims higher

Renewed bullish behavior in DXY spells trouble for inversely correlated BTC/USD, underscoring the relationship between the two indices.

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BTC Surge: Visa Executive Makes New Case for Bull Run

Coinspeaker BTC Surge: Visa Executive Makes New Case for Bull RunThere is a potential for a new Bitcoin price run as the U. S. dollar currency index (DXY) has dipped to a new low of 92.

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