The Dollar Is Building Bullish Momentum As Bitcoin’s Wanes

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Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency’s wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here’s what inversely correlated technicals are saying about the two vehemently opposed currencies. Why The Dollar’s Rebound Threaten’s Bitcoin’s Bull Run Beginnings Bitcoin is supposedly breaking out of a bear market. It has retested and confirmed the former downtrend triangle resistance as support, and is holding strong above $10,000 and now $10,500 despite a string of bad news. After almost two weeks of nonstop negative news breaking and being unable to push prices lower, one ray of positive just sent prices soaring higher. But it may be short-lived, according to the what the DXY Dollar Currency Index says about the greenback regaining some strength. The dollar’s sudden strength comes as investors…

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