$28,000 and $19,000 are on the table in decision time for BTC, says 52kskew.
Current spot price levels, meanwhile, show that Bitcoin is testing a “pivotal area here in a big range,” Skew continued.Asked whether the odds favor one direction or another, the answer was less appetizing for bulls eager to continue the trip toward $30,000.
A combination of U.S. dollar strength, bond yields and stock market performance has already set up a problematic scenario for risk assets en masse, Skew explained. “From here & the structure of DXY / JPYUSD, makes sense for USD to rally into friday,” a further post read. “There is also dislocation between the 2Y & ES; weakness in high beta assets today would confirm a move down in risk assets.”As Cointelegraph
, the U.S. dollar index is on the radar for many market participants this month after seeing a rebound of its own, potentially breaking a multi-month downtrend definitively.
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