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Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed -Breaking


Do you want to take the plunge or endure maximum pain? Bitcoin’s bottom is being debated by analysts

The cryptocurrency market has had a difficult week, in large part because of ecosystem collapseIts knock-on effects on (BTC), (ETHAltcoin and monetary prices.

Since late 2021, the bearish headwinds to the crypto market are growing as the U.S. Dollar gained strength and the United States Federal Reserve suggested that they would increase interest rates through the year.

Performance of the DXY Index. Source: Delphi Digital
DXY Index (inverted), and a rolling 60 day correlation. Source: Delphi Digital
BTC/USD vs. 200 week EMA vs. fourteen-week RSI. Source: Delphi Digital
Inflows of Bitcoin funds are related to the price trend. Source: Twitter