Dollar Index Suffers Worst Crash Since 1991; Bitcoin's 'Stochastic' Points to Possible Drop Below $100K: Technical Analysis
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币界网报道：The dollar index (DXY) dropped over 10% in H1 2023, its worst performance since 1991, with analysts citing trade tensions and Fed rate cut expectations as key pressures. DTAP Capital's Dan Tapiero predicts further USD declines, calling it bullish for Bitcoin. However, BTC faces short-term downside risks as technical indicators like the stochastic oscillator signal potential sell-offs, possibly pushing prices below $100,000. A breakout above current consolidation levels could instead target $140,000. The DXY's breakdown of a 14-year trendline reinforces bearish momentum for the dollar.
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