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Top Trader Uses US Dollar Index to Explain When Bitcoin Price Will Restart Bull Run

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Summary
Nutrition label

56% Informative

US Dollar Index ( DXY ) has crashed 8% in the past 80 days , dropping from a high of 110.176 to 101.267 .

In the same period, Bitcoin price has shed 13% .

A weak US dollar could promote risk-on behavior, allowing the crypto market to rally.

Top trader CarpeNoctom says the recent crash from 103 to 101 should see crypto markets rally.

The two key Bitcoin price levels to watch include $ 80 K and $ 90K.

VR Score

31

Informative language

15

Neutral language

17

Article tone

formal

Language

English

Language complexity

31

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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