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Traders brace for Bitcoin price volatility as DXY 2022 gains near 20%

Bitcoin (BTC) volatility edged higher during Sept. 26 as the Wall Street open avoided significant losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMonthly close tipped to shake up BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,000 on the day, with hourly candles of 1.5%–2% not uncommon.The pair

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Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’

Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.Traders and influencers have been issuing alerts about this inverse correlation, and how the eventual reversal of the

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Bitcoin price builds best weekly candle since March despite new DXY peak

Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced that good times will last.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrypto sentiment highest since early MayData from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over

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Bitcoin price approaches potential springboard to $23K as DXY cools surge

Bitcoin (BTC) approached the July 6 Wall Street open near $20,000 as a fresh battle between support and resistance loomed.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhale levels close byData from Cointelegraph Markets Pro and TradingView showed BTC/USD wedged in a tight trading range with liquidity creeping closer to spot on

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