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11/03 13:09
According to the data curated from TradingView( U.S. Dollar Index (DXY) chart )mirrors this price change. From October 29–30, a correction happened, reflecting traders’ move toward other assets. This decline aligns with BTC’s price movements, revealing the relation of Trump’s tariff decision, which indirectly paved the way for Bitcoin.
The three key actions of Trump, as making the trade transactions easier, focusing on economic growth, and renewing the investors’ confidence, have resulted in a global response. This is what helped to lift Bitcoin to $110K.
These things also reveal that the impact of stable political decisions can shape the market’s path. If this trend continues, Bitcoin might test the $114K resistance, and will rise as the investors and traders remain positive.
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