Currency Economy

Bitcoin price focuses on $55K as bulls ignore a surging US dollar

Cryptocurrency (Mar 10, 2021 09:20AM ET) Bitcoin price focuses on $55K as bulls ignore a surging US dollar

Bitcoin price focuses on $55K as bulls ignore a surging US dollar

Bitcoin (BTC) challenged levels within 10% of all-time highs on March 10 as strength in the U.S. dollar failed to dent the bullish trend.BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

Data from Cointelegraph Markets and Tradingview tracked a comeback from an overnight correction for BTC/USD on Wednesday, with the pair targeting $55,000.BTC/USD support and resistance levels (Binance). Source: Material Indicators/ TwitterBTC/USD vs. DXY 4-hour chart. Source: Tradingview

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