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NewsBTC 2022-09-26 19:54:39

Bitcoin Shows Resilience In Dollar-Driven Bloodbath | BTCUSD September 26, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine the recent resilience in Bitcoin compared to traditional assets like gold, oil, and the S&P 500. We also compare BTC to the DXY Dollar Currency Index and past crypto bear market bottoms. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 26, 2022 After last Friday’s market close and extreme bearish sentiment last week following the Fed meeting, most investors and traders braced for a very bloody Monday open. But Bitcoin continues to show resilience compared to other markets. In this video, we put BTC head-to-head with traditional markets and more. Related Reading: Can Bitcoin Withstand Continued Dollar Strength? | BTCUSD September 22, 2022 Comparing Bitcoin With Gold, Oil, S&P 500, And DXY Here we can see that Bitcoin peaked before other asset classes, and has held up better in recent days compared to gold, oil, and the S&P 500. Considering how strong the dollar has been, Bitcoin standing up this strong here is significant. Through the DXY comparison, we can also see that BTC held up well against the USD side of its trading pair compared to other top world currencies like the pound, euro, and yen that make up the DXY index. BTC compared to other asset classes | Source: BTCUSD on TradingView.com Bottom Signals Stack Up As Former Resistance Holds As Support Last night we also had a weekly close in B...

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