Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume
The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume.
The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every pullback action. At the same time, the quoted US Dollar index (DXY) recently posted yearly highs at 96.62-fiat but retraced back to the nearby support level at 96.08. The reverse correlation between BTC and DXY continues to stay true.
https://www.ccn.com/bitcoin-price-intraday-analysis-btc-usd-predictable-amid-low-volume/
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