L1quid16
@l1quid16
Bitcoin's recent price action has been dominated by a strong correlation with the US dollar. As the dollar strengthens, Bitcoin's price is pulled down. This is due to the dollar's role as a safe-haven asset, causing investors to flee riskier assets like cryptocurrencies. However, this correlation is not set in stone, and a break above the 50-day moving average could signal a reversal. Keep an eye out for this key technical level.
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