Finally positive to be expected?

The end of suffering for bitcoin? After all these drops, many are waiting for the crypto market to rise. As analyst Titan of Crypto points out, there could finally be good on the side of Bitcoin.

And for good reason, the latter could very soon end his decline and why not raise his head. Source: X. First, Bitcoin would have finally finished with its decline since the formation of double top around $ 109,000 has already given the negative results envisaged. Indeed, the price objective has been achieved by this lower configuration, and this could allow the BTC to release the pressure. While the objective was achieved, there would be no reason to go lower now. However, you will still have to be careful that the BTC completes its week above the Kijun. With a filled CME gap, the Bitcoin course could even go up much more serene. The fall of the dollar to finally smile? But still, for several days, the dollar index (DXY) has been weakening more and more and it could be a good sign! Indeed, since each fall of the US Dollar was accompanied by a Bullish result on Bitcoin. Thus, when the Dxy is strong, the BTC tends to encounter difficulties. Conversely, when he is weak, normally, this smiles with Bitcoin. At the moment, the correlation seems to be delayed, but despite everything, as the Crypto analyst evokes, “it is still possible that the price of the greatest cryptocurrency in the world is catching up”. In any case, a weak Dxy has made the Bitcoin happiness happily and investors are now waiting for yet another yet Momentum Bullish. Source: X. Correlation decreases in the DXY and increase in BTC has already done miracles many times over the past ten years, with the last examples of the ends of 2023 and 2024, but also during the first ATH 2021. Moral in history: there is finally something to smile but be careful not to smile too early, the hardest is not yet behind. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.

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