Bitcoin Price Prediction: The Dollar Index, Hawkish FOMC, and Other Threats
Bitcoin is trading around $64,000, nursing a modest 24-hour decline as macro conditions tighten, and has historically punished price prediction hard. The catalyst is familiar, but the intensity is fresh: Kevin Warsh, the chair of the Federal Reserve, has rattled markets with a hawkish posture. To make things even worse, the U.S. Dollar Index has…