Bitcoin Price Could Benefit if Dollar Weakness Continues, Traders Predict
-
Bitcoin trader Crypto Ed predicts the U.S. Dollar Index (DXY) will fall to $92, which would benefit Bitcoin price.
-
DXY is currently below $102, its lowest level since mid-August, down over 2% this week.
-
Declining inflation could allow the Fed to "pivot" on interest rates, increasing market liquidity.
-
Economist Lyn Alden says global liquidity stalled recently but Fed policy could kickstart more liquidity.
-
The Fed's balance sheet has increased slightly in December for the first time since August.