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DXY Breakdown Could Be The Bitcoin Breakout Catalyst – Next Move Loading?

  • Bitcoin is consolidating just below its all-time high of $112,000, with strong demand above key support zones signaling buyer control.
  • US Dollar Index (DXY) weakness, reaching historic lows, could fuel Bitcoin's next move as capital rotates into risk assets like BTC.
  • Bitcoin's price remains steady near $109,000, facing resistance at $109,300 while holding solid support at $103,600.
  • Investors are optimistic for a potential Bitcoin breakout amid macroeconomic conditions favoring alternative assets and rising demand for stores of value.

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