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Is Bitcoin🎊 Bullish, Dollar (DXY) Bearish? Analytics Firm Reveals Best Strategy!
Dollar
DOLLAR
Bitcoin
BTC
when
WHEN
Bitcoin Sistemi EN
By Bitcoin Sistemi EN
Is Bitcoin Bullish, Dollar (DXY) Bearish? Analytics Firm Reveals Best Strategy!
While critical US inflation data is awaited for Bitcoin and altcoins today and investors are wondering when BTC will start to rise, Singapore-based crypto trading platform QCP Capital announced its expectations.🪴
QCP Capital analysts stated that DXY is at risk of falling, and BTC could rise in return.
He said any positive news from the macroeconomic front could trigger a sharp liquidation of long positions in DXY, increasing downward pressure and leading to a decline in DXY.⚖️
He also noted that a possible decline in DXY could send risky assets like Bitcoin soaring.⚖️
At this point, QCP Capital stated that the January US CPI data could act as a catalyst for a significant decline in DXY and bring an increase to BTC.⚖️
#BTC