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Bitcoin risks ‘exit pump’ on 3-month DXY highs as BTC price hits K
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Bitcoin risks ‘exit pump’ on 3-month DXY highs as BTC price hits $68K

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Bitcoin risks ‘exit pump’ on 3-month DXY highs as BTC price hits K
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Bitcoin risks ‘exit pump’ on 3-month DXY highs as BTC price hits $68K

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Source: Coin Telegraph

BTC’s price reached its highest level since late July, but US dollar strength is starting to undermine Bitcoin bulls’ confidence.

Bitcoin (BTC) circled $68,000 on Oct. 16 after setting new 11-week highs into the Wall Street open.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC price upside resuming as bulls eclipsed the peak of a leverage-driven “fakeout” the day before.

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Author: William Suberg

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