Bitcoin Analysis by Glassnode Founder: Will the Expected Rally Be Delayed?

Glassnode founder Yann Allemann pointed to the dollar index, implying that the upcoming Bitcoin (BTC) rally could be delayed.

Posted by Yann Alleman on social media in the shipmentdollar index (DXY) currently that he is strong mentioned and Bitcoin, which is expected to happen soon rally may be delayed told.

DXY, which acts inversely correlated with Bitcoin to 106-107 levels Alleman, who suggested that this level turning point thinks it might. Aforementioned from the region starting and to 92 levels with a decrease in Big gains in Bitcoin visible.

One of the reasons for the recent decline in Bitcoin US Central base from the (FED) interest rate hike The founder, who stated that he was you’re acting shy And the wind has yet to opposite he said he was blown away.

Alleman also shared in his blog post that Bitcoin is a recovery movement with one amount has risen however, he stressed that spot demand is still low. Alleman, Bitcoin Nasdaq And S&P500 Noting that the correlation between Bitcoin and rise to close the gap He said he could live.

On the other hand, Glassnode recently drew attention to 4 important levels in Bitcoin’s possible decline scenario. for bitcoin 22,600 And 22,300 Stating that there is an important support at the dollar levels, the platform said that in a possible DXY rise, this mark zones may be doing.


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