๐ Bitcoin Bulls Hit $68K But DXY Throws a Curveball!
Bitcoin just hit a sweet $68,000, marking its highest point in 11 weeksโWoohoo! ๐ But not all is smooth sailing. As $BTC reaches for the stars, the US dollar (DXY) is flexing its muscles, hitting 3-month highs and creating some nervous energy among Bitcoin bulls.
๐ฅ What Happened?
On Oct. 16, BTC bulls powered through and pushed the price up, overcoming the recent leverage-driven "fakeout." But beware of the volatility! According to popular analyst Skew, thereโs some wild "spoofing" action happening on Binanceโs spot market, which means we could be seeing a bit of market manipulation. ๐ต๏ธโโ๏ธ
๐ Bitcoin Bulls or Bears?
The price action around $68K is looking good, but with the dollar showing strength, thereโs some worry that this may lead to an "exit pump"โa temporary rise before things cool off. So, Bitcoin holders, keep your eyes peeled for any sharp moves! ๐ or ๐?
Letโs see where BTC goes next! Will it continue its moon mission or take a pit stop? Only time will tell! ๐
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