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Coin Telegraph

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Image Credit: Coin Telegraph

Bitcoin price just ditched a 3-month downtrend as 'key shift' begins

  • Bitcoin (BTC) experienced a downward reversal below $87,000 at the start of US trading, following a period of support during the Asian session.
  • US dollar gains have dampened Bitcoin's momentum, with the dollar index (DXY) reaching a three-week high of 104.46 and acting inversely to BTC/USD.
  • Uncertainty surrounding US trade policy and the upcoming round of tariffs contributes to volatility. However, Bitcoin may perform well in the short term due to corporate adoption and retail inflows.
  • Bitcoin broke out of a three-month descending channel, signaling a significant market structure shift according to top trader Titan of Crypto.

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