Bitcoin traders set $80K short-term price target as DXY hits new highs
Bitcoin sweeps new 2025 lows as Treasury yields rise, and the strengthening US dollar Index forces crypto analysts to revise their short-term price expectations.
Bitcoin sweeps new 2025 lows as Treasury yields rise, and the strengthening US dollar Index forces crypto analysts to revise their short-term price expectations.
**Bitcoin Market Update: January 12, 2025** As of today, Bitcoin (BTC) is trading at approximately **$94,399**, reflecting a modest increase of **0.075%** over the previous close. The intraday high was **$95,006**, while the low was **$93,946**. ### **Key Market Dynamics and Influences** #### **1. Regulatory Environment** The regulatory landscape continues to play a significant role…
Bitcoin formed a bearish engulfing candle immediately after its $100,000 retest, which opened the door for a potential correction below $90,000.
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