Bitcoin traders set $80K short-term price target as DXY hits new highs
Bitcoin has recently hit new lows for 2025 amid rising Treasury yields and a strengthening US dollar Index (DXY), leading analysts to adjust their short-term price expectations. Following a brief drop in DXY, which amounted to 0.92%, it surged to 109.37, levels not seen since November 2022. This spike coincided with increases in US Treasury yields; the 10-year note exceeded 4.7%, and the 30-year note climbed to 4.93%. Analysts express concern that inflation may stay elevated under President-elect Donald Trump’s economic policies, which could drive up deficits. Bitcoin's price slipped to a low of $92,500, with experts warning of potential further declines if the $90,000 support level fails. Burkan Beyli, co-founder of Biyond, predicts that Bitcoin could drop to $81,000 if it falls below $94K in the next few weeks. Jamie Coutts from Real Vision shares a similar outlook, believing that despite current DXY strength, upcoming liquidity changes under Trump may favor a recovery in Bitcoin prices after a bearish short-term forecast.
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