The dollar index (DXY) is hovering near multi-year lows after falling below the psychological level of 100. Andre Dragosch, head of European research at asset manager Bitwise, pointed out that Goldman's research still points to downside for DXY in the future.
Trader BitBull said DXY is falling at its fastest pace since 2023, when bitcoin and counterfeit products are rebounding from the trough of the 2022 bear market, when bitcoin bottomed out in the fourth quarter of 2022 and rose more than 200% in a year. Bitcoin is expected to see a similar rally in 2023, as bitcoin optimism will continue to focus on a weaker dollar.
Analysis: Bitcoin is expected to experience a rally similar to 2023
2025-04-16 16:01:33
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