Bitcoin experienced a slip in value, dropping below $65,000, as the U.S. dollar gained strength following an interest rate cut by the Swiss central bank. However, experts believe that the pullback is over, and Bitcoin is set to reach higher levels in its upward trend. While Bitcoin declined, other cryptocurrencies like XRP, FIL, and ICP performed well. Altcoins SOL and AVAX saw a decrease in value. The resurging U.S. dollar and expectations of interest rate cuts from other central banks may have influenced Bitcoin’s decline. Analysts at Swissblock believe that Bitcoin has completed its correction and will now head towards much higher price levels. Crypto trader Jelle suggested that BTC needs to hold at the $65,000 level and break above $69,000 to continue its rally to higher prices.
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Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the ‘Pullback Is Over’
