Bitcoin Consolidation Amid Rising DXY and Yields
10/23/2024 4:30:00 PM
According to CryptoMichNL, Bitcoin is currently in a consolidation phase, while both the DXY (US Dollar Index) and bond yields are increasing. This situation suggests that Bitcoin is nearing a critical juncture, potentially leading to increased volatility. With the macroeconomic data season beginning tomorrow, traders should brace for potential market fluctuations. (Source)
Bitcoin yields DXY macroeconomic data