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The BTC Price Rally Reflects Dollar Weakness, Bitcoin’s Still Below Peaks vs. Gold, Pound


Bitcoin

Arrived a high time high Jo thursday, and now at the prices discovery over 117,000, but the criptetie further left under the gold before the British balance and British

It’s because a lot of the recent rally reflecting dollar weakness rather than any wide catalyr for crypto. DXY index, a measure of the United States currency against a partners basket, has falling from 110 At the beginning of the year to under 98. Levels under 100 typically The weakness of the sign of the sign, which is usually support for risk axis.

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For bitcoin showing an independent force, must experience other assets, and what happened now.

One btc u all of the golden golden gold, e.g.m, eg the time around 40 ounces in December 2024. Inhile, bitcoin is trading at 87,000 books (117,800 $)While the high time stay at 90,000 pounds. As for stocks, bitcoin ratio to S & P 500 and NASDAQ 100 is still under the historical peaks.

These levels represent the long-term resistance areas. Once bitcoin break decisively for them, then real discovery of the price can begin. Without looking billain in relation to the major absolors other than dollars, it is difficult to assess how you really develop.

BTCGBP (AdodlyVy)

BTCGBP (AdodlyVy)





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