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As the US dollar reaches a six-month high, the price of bitcoin faces a 200-week trendline, according to Cointelegraph

  • 👤 Trevor Lamb
  • 👁 856
  • ⏰ Published: 2023-12-10 Time: 07:22:01
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    Bitcoin price faces 200-week trendline as US dollar hits 6-month high © Mundo Crypto PR

    (BTC) hugged a key long-term trendline on Sept. 7 as U.S. dollar strength hit its highest in six months.

    1-hour chart. Source: TradingView

    Data from Cointelegraph Markets Pro and TradingView showed BTC price moves focusing on the area around $25,700.

    BTC/USD annotated chart. Source: TraderSZ/X
    BTC/USD 1-week chart with 200EMA. Source: TradingView
    (DXY) 1-day chart. Source: TradingView
    U.S. Dollar Index (DXY) chart with moving averages. Source: Caleb Franzen/X

    Continue Reading on Coin Telegraph

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