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Bitcoin’s price trajectory is clouded by its relationship with the US Dollar Index (DXY). When the DXY weakens, it often signals a stronger U.S. economy and a safe-haven sentiment in the cryptocurrency market. Over the past few weeks, Bitcoin has faced a mixture of sell-off moves,-supported by DXY depreciation, and upward movements in altcoin hubs like the Top 200, but not yet on a new all-time high. Expect a potential breakout by May, with cryptoholvesmaterials rising. Meanwhile, Bitcoin is currently trading strongly below its all-time high, having fallen 1.2% from $86k to $88k.

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