Bitcoin price fights for $26K as US dollar strength hits 10-month high
Bitcoin faces the highest levels in the U.S. dollar index (DXY) of 2023 so far as BTC price action wobbles. Bitcoin (BTC) hugged $26,000 at the Sep. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences. BTC/USD 1-hour chart. Source: TradingView Bitcoin must preserve support now, analysis says Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support. Sideways weekend trading soon turned sour into the new week, and upset overnight meant that bulls were unable to recoup lost ground. #Bitcoin Weekend price action wasn't exciting until the later hours on Sunday as expected. Price held around the CME Close price until futures opened and then took a nose dive. https://t.co/HgmYShdrjA pic.twitter.com/VAzov8haCJ — Daan Crypto Trades (@DaanCrypto) September 25, 2023 “Bitcoin failed to break through local resistance in the form of a descending trend line, and it looks like a little bearis...