Bitcoin is currently at risk of declining to $118K, as signals from the dollar and bonds indicate a cautious outlook for the cryptocurrency. This situation has raised concerns among investors, who are closely monitoring these financial indicators. The performance of the dollar and the bond market typically influences the behavior of Bitcoin, and the current trends suggest that caution may be warranted. However, there are also factors supporting a bullish case for Bitcoin, particularly the MOVE index, which indicates potential upward movement. This duality in market signals presents a complex scenario for Bitcoin traders and investors alike, as they navigate the potential for both risk and opportunity in the cryptocurrency market.
