Bitcoin (BTC) is on the rise in India, eyeing new April highs as macro instability provides momentum for BTC price performance. The US dollar’s weakness is driving bullish predictions for Bitcoin and commodities, with the newest BTC hodlers already profiting from the surge. However, traders remain cautious due to the unreliable nature of volatile price moves. Federal Reserve officials’ comments on the current macroeconomic landscape are in the spotlight, with the US-China trade war impacting market sentiment. Gold is also hitting all-time highs, prompting a positive reaction from Bitcoin. The US dollar’s decline to new 3-year lows is seen as a positive sign for Bitcoin and commodities, with experts predicting a potential bull run. Short-term BTC price moves have put recent buyers in India back in profit, while large short-term holders are still waiting for a decisive breakout above $91,000. The overall market sentiment is cautiously optimistic, with investors closely monitoring the US dollar’s performance and geopolitical developments. This article provides insights into the current trends in Bitcoin and the broader financial markets, highlighting the potential impact of macroeconomic factors on digital assets and traditional commodities.
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