Bitcoin (BTC) fell to its lowest level since March 8 on Thursday as U.S. dollar strength added to selling pressure near $60,000.BTC/USD 1-day candle chart (Bitstamp). Source: TradingviewBTC price saved from $40,000 zoneData from Cointelegraph Markets Pro and Tradingview showed BTC/USD testing $50,000 for the first time since sealing the level as support earlier this month.After … [Read more...] about Bitcoin price bounces at $50K amid 4-month highs for DXY
DXY
Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen
Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28. The current scenario is far from bearish, but derivatives indicators do not reflect the substantial purchases from institutional clients, including Microstrategy, Meitu, and most recently, Aker … [Read more...] about Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen