The US Dollar Index
is Approaching a Critical demand zone
. As it stands, there is still a bearish
bias as price will may tend to go into the zone properly, hence BTC
will remains further bullish
. Should price breaks and close below the Critical zone, the U.S Dollar Currency will further weaken and this will push the price of bitcoin
very high. Considering the impact
of Covid-19 on the U.S economy, there maybe less global capital inflows and this gives a Confluence.