💎 Bitcoin in the Eye of the Storm! 🎯 $80,000 in Sight or Further Falls? 🚨
📉 The current scenario:
Bitcoin (BTC) faces pressure as the US Dollar Index (DXY) hits new highs, touching 109.37, a level not seen since 2022. This, coupled with rising Treasury yields, has led to a BTC drop to an intraday low of $92,500.
🔍 What's going on?
US Treasury yields rise: 10-year at 4.7% and 30-year at 4.93%. Elevated inflation expectations due to Trump's incoming economic policies. Market fears higher deficits and possible yield curve controls.
📊 Price projections:
According to Burkan Beyli, co-founder of Biyond, if BTC breaks $90,000, we could see a low of $80,000 in the next 5 weeks. The key support at $90,000 will be critical to prevent further declines.
⚡ A turn on the horizon?
Beyli remains bearish in the short term (4-5 weeks) but expects a significant rally following a DXY correction. 🌟 This could open the door for a bullish move for Bitcoin in 2025! 🚀
🔥 Are you ready for what's next? BTC's volatility can bring unique opportunities. Stay tuned for updates! 📈💰
📣 Join the conversation!
What do you think? Is this the best time to enter or would you expect more falls? 💬 Leave us your opinion in the comments and share your predictions with the community! 👇