The price action in global markets and on-chain indicators tapping historical lows could give buyers hope that a positive trend could thrive.with the U.S. dollar and a positive correlation with stocks.
The DXY is tapping its long-term range high levels around 104.8 points, hinting at the possibility of a negative price reversal. A bearish dollar could add tailwinds to Bitcoin’s price.The Consumer Price Index print in the United States on Sept. 13 will likely provide a decisive direction to the global markets.by on-chain analytics outlet Glassnode, Bitcon’s price drop over the last few weeks has caused several metrics to tap historical lows..
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