– Bitcoin failed to break through local resistance and may form a bearish head-and-shoulders pattern, potentially falling into the $22,000-$20,000 range.
– Analysts expect a return towards the $20,000 mark, which has been absent from BTC price charts for six months.
– The U.S. Dollar Index (DXY) reached its highest level since November 2022, potentially hampering risk asset and crypto market performance.
– The strength of the U.S. dollar could be a headwind for Bitcoin and other cryptocurrencies.
– This article does not provide investment advice and readers should conduct their own research before making any decisions.
