Dollar

Rally

2024

Bitcoin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin has struggled to break above the $70,000 region.</strong></li>
 <li><strong>DXY surge in the past two months caused Bitcoin’s price to stall.</strong></li>
 <li><strong>An overbought DXY condition signals a potential Bitcoin surge soon.</strong></li>
</ul>
<p>Bitcoin failed to break above $70,000, and the Thinking Crypto podcast analyst connects this to the dollar currency index (DXY). The analyst identified a DXY surge over the past two months, explaining how the inverse correlation between the two influenced Bitcoin’s price.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">This is When Bitcoin &amp; Altcoins Will PUMP! (Crypto Bull Run)<br><br>WATCH <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/uA1AngeaTX" target="_blank" rel="noopener noreferrer nofollow">https://t.co/uA1AngeaTX</a><a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> <a href="https://twitter.com/hashtag/ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ethereum</a> <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#altcoins</a> <a href="https://twitter.com/hashtag/bullrun?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bullrun</a> <a href="https://twitter.com/hashtag/xrp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#xrp</a> <a href="https://twitter.com/hashtag/solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#solana</a> <a href="https://twitter.com/hashtag/coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#coinbase</a> <a href="https://twitter.com/hashtag/base?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#base</a> <a href="https://twitter.com/hashtag/ai?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ai</a> <a href="https://twitter.com/hashtag/thinkingcrypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#thinkingcrypto</a> <a href="https://t.co/BymifIdchV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/BymifIdchV</a></p>— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) <a href="https://twitter.com/ThinkingCrypto1/status/1850727629663429061?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 28, 2024</a>
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<p>Despite the DXY’s significant rise since September, Bitcoin demonstrated resilience by avoiding a major decline. However, it stalled, unable to surge as many in the crypto community anticipated. The current outlook indicates BTC could soon rally as the DXY approaches overbought conditions.</p>
<h2 class="wp-block-heading" id="h-analyst-predicts-dxy-breakdown-and-bitcoin-rally">Analyst Predicts DXY Breakdown and Bitcoin Rally</h2>
<p>The Thinking Crypto analyst expects the DXY to decline because of its ove…</p>
<p>The post <a href="https://coinedition.com/bitcoin-poised-for-rally-as-dollar-index-weakens-analyst/" rel="noopener noreferrer nofollow">Bitcoin Poised for Rally as Dollar Index Weakens – Analyst</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Poised for Rally as Dollar Index Weakens – Analyst

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