CoinWorld news, according to The Block, Bitcoin's price is approaching $100,000, but Bitwise's European research director André Dragosch warns that a strengthening dollar may pose resistance to further Bitcoin gains. He pointed out that historical data shows Bitcoin typically performs poorly during periods of dollar appreciation, and a stronger dollar often means tightening global liquidity, which could negatively impact Bitcoin's short-term trend. Additionally, expectations that the Bank of Japan (BoJ) may raise interest rates in December have raised market concerns. Analysts believe that expectations of a yen rate hike could lead to pressure from 'yen carry trades' being unwound, which would bring volatility to risk assets, including Bitcoin. Recent increases in Tokyo's consumer price index further support this view, with BoJ Governor Kazuo Ueda stating that the Japanese economy is moving towards wage-driven sustained inflation.

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