The DXY claimed new highs yesterday, with price currently at 110.58, this has led to Bitcoin crashing through the 19562 support level to trade between the 18593 and 18915 price area.
Cryptocurrencies are strongly influenced by macroeconomic factors and the performance of the traditional market. It could also be likely that investors are exercising caution leading up to the ethereum merge. If issues with Ethereum emerge after the merge, the impact could be catastrophic to the market.
If price breaks lower through the 18400 price level, Bitcoin could continue towards the 17578 level, last tested in June.
Cryptocurrencies are strongly influenced by macroeconomic factors and the performance of the traditional market. It could also be likely that investors are exercising caution leading up to the ethereum merge. If issues with Ethereum emerge after the merge, the impact could be catastrophic to the market.
If price breaks lower through the 18400 price level, Bitcoin could continue towards the 17578 level, last tested in June.
Free trading community: discord.gg/b7X35tDD4T
