Bitcoin Holds Key $27k Support Level as Traders Eye Potential Rebound Despite Volatile US Dollar

Bitcoin price stayed around $27,500 as volatile US dollar took focus away from crypto markets.

$27,000 is now seen as a key level to hold as support for Bitcoin price.

Traders say a reclaim of $27,600 could lead to a decent pop higher for BTC.

Bitcoin has so far shaken off large swings in the US Dollar Index (DXY).

Long-term US dollar chart remains in an uptrend but shows signs of negative divergence on recent highs.