The Daily Hodl
2022-12-12 15:30:29

Bitcoin Bulls Shouldn’t Be Fooled by Weakening US Dollar, According to Crypto Analyst Benjamin Cowen

Crypto analyst Benjamin Cowen says traders may want to think twice before flipping bullish on Bitcoin just because the US dollar index (DXY) has shown some weakness in recent weeks. In a new strategy session, Cowen takes a look at DXY’s sharp downturn that has shaved off over 8% from its 2022 high of 114.77. The post Bitcoin Bulls Shouldn’t Be Fooled by Weakening US Dollar, According to Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.