š² Glassnode Co-Founders Predict Bitcoin Correction End as Dollar Index Peaks Jan Happel and Yann Allemann, co-founders of cryptocurrency data analysis firm Glassnode, have expressed optimism regarding Bitcoin's future. They noted that the dollar index (DXY) seems to have reached its peak, suggesting that the Bitcoin correction may be coming to an end. They believe that when DXY falls below 100, it will mark a turning point for cryptocurrencies like Bitcoin. Currently, DXY appears to be declining, and if this trend continues, the weakness in Bitcoin's price that has persisted since April could be nearing its conclusion. Happel and Allemann anticipate that BTC will soon enter a new phase, potentially breaking new highs in the upcoming bull cycle. As per CoinMarketCap data, BTC is presently trading at $26,785.15, reflecting a 1.58% decline. šš #BitcoinCorrection #DollarIndexPeaks