Hi

#USFedBTCReserve

Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000.

Key takeaways:

Dollar weakness alone may not be enough for Bitcoin to reclaim $120K.
Ongoing global trade tensions add uncertainty to Bitcoin’s short-term price outlook.
Bitcoin has historically maintained an inverse relationship with the US Dollar Index (DXY), which tracks the dollar’s strength against a basket of major foreign currencies.

While this correlation shifts over time, Bitcoin’s drop below $114,000 on Friday coincided with the DXY climbing to its highest level in more than two months.

Traders are now watching for Bitcoin to reclaim the $120,000 mark as the US dollar reversed direction and began showing signs of weakness.
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