Kryptodata

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Bitcoin Price Struggles at $26K Amidst 10-Month High in US Dollar Strength

Bitcoin Price Struggles at $26K Amidst 10-Month High in US Dollar Strength

Bitcoin is facing resistance at the $26,000 level as its price action becomes uncertain.

Analysts suggest that a potential head-and-shoulders formation could lead to a drop into the $22,000-$20,000 range.

Traders emphasize the importance of holding current levels as support to avoid further downside.

The U.S. Dollar Index (DXY) has reached its highest level since November 2022, which could negatively impact Bitcoin and other risk assets.

Investors should conduct their own research before making any investment decisions.

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