Analysis: BTC may experience a rebound similar to that of 2023

2025-04-16 23:56:04

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ChainCatcher news, according to Cointelegraph, the US Dollar Index (DXY) has fallen below the psychological level of 100 and is hovering near multi-year lows.

Trader BitBull stated that the DXY is declining at the fastest rate since 2023. BitBull compared the current market trend to the performance of Bitcoin at that time, noting that at the beginning of 2023, Bitcoin and altcoins were rebounding from the lows of the 2022 bear market. At that time, BTC had already bottomed out in the fourth quarter of 2022 and rose over 200% within a year.

Meanwhile, Andre Dragosch, the European research director at asset management firm Bitwise, pointed out that Goldman Sachs' research still indicates that the DXY has further downside potential in the future.

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Bitcoin price DXY altcoins bear market

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