Traders Warn Bitcoin Rally May Fade as Dollar Weakness Emerges

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Some traders believe Bitcoin’s rebound could be short-lived. Trader Killa suggested BTC may only extend toward the $89,000–$91,000 range before resuming its decline, citing fragile market conditions.

Others are watching the US dollar closely. Trader BitBull highlighted the US dollar index (DXY), noting that historically, Bitcoin has formed major bottoms when DXY falls below 96. With dollar weakness building, some see conditions aligning for a longer-term BTC bottom.

However, uncertainty remains elevated. Concerns around global macro risks, including a potential US government shutdown later this month, continue to cloud near-term price expectations.

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feels like this week is just gonna be sideways volatility until we get a bigger catalyst either way