On March 26, Bitcoin (BTC) faced selling pressure at the US market opening, coinciding with the dollar's rise.
Classic US Bitcoin Dip as Dollar Rises
On March 26, Bitcoin saw a price drop at the start of US trading, as the dollar hit a three-week high. The inverse correlation between dollar strength and Bitcoin's decline was evident in the market's reaction.
Risk Asset Sentiment
US trade policy uncertainty and expected tariff measures were highlighted in the latest QCP Capital bulletin. The crypto market could stand against negative trends due to corporate investments like GameStop's recent addition of Bitcoin to its treasury. Retail investments could be key to supporting prices.
Daily Bitcoin Chart and Bullish Hints
Trader Titan of Crypto announced a breakout from a 3-month downtrend, signaling a potential shift in market structure. The Relative Strength Index (RSI) shows signs of possible upside.
Bitcoin's ongoing volatility underscores the need for careful market monitoring amid global trade uncertainties.