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10/23/2024 4:30:00 PM

Bitcoin Consolidation Amid Rising DXY and Yields

Bitcoin Consolidation Amid Rising DXY and Yields

According to CryptoMichNL, Bitcoin is currently in a consolidation phase, while both the DXY (US Dollar Index) and bond yields are increasing. This situation suggests that Bitcoin is nearing a critical juncture, potentially leading to increased volatility. With the macroeconomic data season beginning tomorrow, traders should brace for potential market fluctuations.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast