Bitcoin Poised for New Highs as US Dollar Strength Peaks, Opening Door for BTC Rally

Bitcoin could hit new highs as US Dollar Index peaks and declines, signaling end to BTC consolidation according to Glassnode co-founders.
They predict DXY will complete correction in early 2023, allowing BTC bull run in new environment.
DXY strength has meant downward pressure on Bitcoin recently, but reversal could drive coming BTC rally.
Macro expert Henrik Zeberg also forecasts DXY correction from 106 level.
BTC currently trading down slightly at $26,845 but bullish predictions if DXY declines as expected.

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Relevant topic timeline:

9/13/2023

Crypto Trader Bluntz Predicts Weak Dollar and BNB Collapse Ahead

The US Dollar Index (DXY) is expected to experience a significant decline after a period of rally, according to a popular crypto trader, as the completion of a key Elliott Wave theory pattern suggests a downward trend for the dollar.

9/18/2023

DXY Wavers Ahead of Fed Meeting as Traders Eye Hawkish or Dovish Tilt

The US Dollar Index (DXY) retreats as falling US Treasury yields and risk-on sentiment weigh on the greenback, while technical indicators suggest a potential golden cross and the outcome of the Federal Reserve's meeting could impact its movement.

9/26/2023

Dollar Hits 10-Month High But Impact on Bitcoin Unclear

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