Dollar Strength Limits Bitcoin's Momentum
Bitcoin's recent trading sessions have been marked by a lack of clear directional movement, with price fluctuations remaining close to 1.00% over the last four sessions.
This has led to a growing sense of neutrality around BTC, as its ability to regain momentum appears limited by the strength of alternative markets such as the U.S. dollar.
The dollar's continued support is reducing Bitcoin's relative appeal as a risk asset and making it more difficult for demand to return at the same pace seen weeks ago.
As long as the dollar remains well-supported, BTC may continue to struggle to regain momentum, keeping the current phase of indecision relevant in the near term.