The last 3-4 month rally in bitcoin has come with a strengthening dollar. These types of relationships are not sustainable and eventually the dollar gets too strong for a "risk on" asset like crypto. I think we're starting to finally see a correction in bitcoin this week and I think there's still more downside left.
Target is ~48k in the next 1-2 weeks.
Target is ~48k in the next 1-2 weeks.