Bitunix analyst: The US dollar hit a three-year low, risk aversion is rising, and BTC may rise to $90,000 if it breaks through $86,000

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MarsBit
04-19
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Mars Finance News: On April 19, the US Dollar Index fell for the fourth consecutive week, reaching a three-year low of 99.4, with a year-to-date decline of over 8%. The weak dollar, coupled with inflation and trade policy uncertainty, has sparked market risk aversion, accelerating fund flows into gold and non-US currencies. Gold surged 2.76% this week, reaching a historic high of $3,357.68 per ounce. US stocks also faced pressure, with the Dow and Nasdaq falling over 2.6% for the week. The Federal Reserve's stance of "no bailout" further intensified market tension. Under the dual pressure of the US dollar and stock markets, the potential of crypto assets as an alternative safe-haven tool has once again drawn attention. Bitunix analysts suggest that if gold continues to strengthen and the US Dollar Index remains weak, mainstream cryptocurrencies may see an opportunity for capital inflows. BTC's short-term key range is between the $83,000 support and $86,000 resistance. If successfully breached, it may challenge the $90,000 round number and initiate a new upward trend.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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