##Analysts Think the U.S. Dollar May Bottom—and That’s Bad for Bitcoin
Free Crypto Signals Mobile App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app Visit - https://cryptobotauto.com For more latest news update on Cryptocurrency, Free Bitcoin Binance auto trading BOT & Crypto signals for Binance, BitMEX, ByBit Bittrex visit above given website Bitcoin has been under pressure over the past three days after peaking at $12,500 earlier this week. Some argue that the retracement is purely based on technicals. But if you check the charts, there seems to be an evident inverse correlation between the value of the U.S. dollar (as calculated by the Dollar Index) and BTC. When the dollar rallies higher, the value of Bitcoin (and gold for that matter) has decreased. The drop to $11,500, where BTC trades as of this article’s writing, was seemingly spurred by a leg higher in the value of the U.S. dollar. Bitcoin may get crushed further, though, as analysts have note...