According to Odaily, TradingView data reveals that the U.S. dollar index fell over 10% in the first half of the year, marking its worst six-month performance since the third quarter of 1991. The trade policies of U.S. President Donald Trump and ongoing calls for interest rate cuts by the Federal Reserve are reportedly exerting pressure on the dollar.
Dan Tapiero, founder and CEO of DTAP Capital, expressed on X that the dollar appears poised for another 10% drop and could potentially decline further over the next 12 to 24 months. Analysts suggest that Bitcoin faces selling pressure and may temporarily fall below $100,000. However, if Bitcoin can maintain its position at the upper end of its consolidation range, bearish signals may dissipate, paving the way for a rebound to $140,000.
