Bitcoin Price To Register Relief Rally Ahead? Here’s What Experts Hint

in #gjdkhls • 2 years ago

Coingape reports that the price of Bitcoin rose 0.8% against the USD in September. It added that BTC price also outperformed gold and US indices. However, the Dollar Strength Index (DXY) is the only index that has outperformed Bitcoin over the same period.

According to the report, the traditional money (TradFi) volume depth has registered shallow sign. This key signal suggests that the crypto market may see a short-term respite. The data illustrates a direct correlation between Bitcoin's price action and the US stock market.

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