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DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance

On Dec. 2, the United States dollar index (DXY), an index that measures the dollar's strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months. To recap, the U.S. dollar's weight against the basket of top foreign currencies grew by 19.6% in

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Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

Bitcoin (BTC) surged $1,000 in five minutes before the Nov. 10 Wall Street open as United States inflation and jobs data boosted risk assets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI comes in lowest since the start of 2022Data from Cryptox Markets Pro and TradingView showed BTC/USD climbing to daily highs

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Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break

Bitcoin (BTC) held $20,000 into Oct. 5 with trader targets still including a fresh high before rejection.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$21,000 upside target to precede new lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $20,470 on Bitstamp overnight before returning lower.The pair succeeded in maintaining the

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