Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?
Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might struggle to continue higher above the $110,000 resistance.
The US dollar index (DXY) is experiencing one of its largest weekly declines since 2013, fuelling optimism for a potential rally among risk-on assets, including Bitcoin (BTC). The last time the DXY saw such a sharp pullback was during the height of the FTX fiasco in November 2022, which coincided with a Bitcoin bottom.
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