Lots of pressure from higher Dollar on BTC now. All this
chart means is Dollar went up to peak of its trend levels, if its as a scales or ratio to BTC that makes it harder to rise. This is 17 on a blackjack table or something, its kinda risky but also can be an opportunity if Dollar does top out in its value.
I think the entire market also knows the dollar is going to get strong this year. Two rate hikes at least are expected and we could even get one as early as March. Effect on risky assets like Bitcoin is supposed to be evident but I'm hoping that all this selling is already due to people expecting that, so when the hike does come, we should be safe.
