Bitcoin dips below $47K as US dollar surge dampens BTC price performance

showed BTC/USD acting in a narrow range as the week began, with traders split over short-term outcomes.

"It's just a matter of time before BTC breaks out, and the longer it takes the harder it will pump," popular Twitter account GalaxySuch optimism was far from universal, however. For Cointelegraph contributor Michaël van de Poppe, the time had come to look closer at altcoins than BTC."Still need additional confirmation, but shows more strength than Bitcoin at this point. Ultimate confirmation above $4,100.

ETH/USD was up over 2% in 24 hours at the time of writing, with BTC/USD conversely showing no inclination to tackle even daily highs.On macro markets, the S&P 500 was up a touch at the Wall Street open, amid predictions that the first half of the year would be a further boon for equities across the board thanks to the prospect of key interest rate hikes.

The U.S. dollar, meanwhile, saw a sudden boost Monday, with the U.S. dollar currency index rapidly gaining — as is customary, to Bitcoin's detriment.Never mind the bearish divergence Among Bitcoin-focused analysts, meanwhile, TechDev led calls to quash bearishness, arguing that on-chain indicators do not support a bearish thesis.Concerns about both the relative strength index and moving average convergence/ divergence pale in comparison to more fundamental indicators still yet to print a bearish outlook, he said at the weekend.

Have you checked out scroogecoin? It is set to blow. Chart looks super healthy and ready to 10x at any moment. scrooge_coin

Most likely we'll get another bull cycle with Bitcoin running to high numbers above $65K After that standard 80% correction leading to a bottom,New high on $ETH/BTC 69_bnc is a super underrated bitcoiner I’ve been taking her tweets and tips & I’ve been superb Follow her.

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Bitcoin Hovers at $47K with Fear as Crypto Market Progresses in 2022As 2022 progresses, fear sentiment reigns with Bitcoin hovering around $47K bitcoin BTC Ethereum is attempting to break back above a critical target at $3.8k. If $Eth can break above this target, it'll be set up to push over more to reach a higher target at $4k. This is an alert for Eth btc I’ve been taking 69_bnc tweet seriously and I’ve been superb SHIBA 🚀❤💙🚀shibaswap 🚀🚀shibainu 💙💙leash ❤❤shibabone 🚀🌺 shibacoin 🚀🚀🚀🚀 Oshiverse ❤🚀💙❤🚀❤ Shibarium shiba 🚀🚀🚀 shib ❤🚀❤🚀❤ shibarmystrong 💙💙🚀🚀❤
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