Collapse Of Dollar Value, Bitcoin Also Adjustment?…“Possibility Of Retreating Below 100,000 Dollars”
In the first half of 2025, the dollar fell more than 10% against major currencies, marking the worst performance since 1991, and analysis has emerged that Bitcoin also faces short-term downward pressure.
On the 1st (local time), CoinDesk reported that the Dollar Index (DXY) plummeted in the first half, deviating downward from the long-term upward trend line maintained for 14 years, and the MACD histogram also entered below 0, supporting the dollar's transition to weakness. DXY has been unable to avoid weakness amid Trump's tariff policy and the Federal Reserve's interest rate cut pressure.
DTAP Capital CEO Dan Tapiero predicted, "The dollar could fall more than 10% further in the future, and there is a high possibility of additional decline within up to 2 years."
Meanwhile, Bitcoin's short-term technical correction signals are also strengthening. On the 14th, the stochastic indicator fell below the 80 line, leaving the overbought zone, which is interpreted as a warning signal that selling pressure may increase. Accordingly, there is also a possibility that Bitcoin could fall below the psychological support level of 100,000 dollars.
However, the media also presented a bullish scenario in parallel. They stated that if Bitcoin breaks through and settles at the top of the sideways range, short-term bearish signals will be neutralized and the target price could open up to a maximum of 140,000 dollars.
Investor sentiment is leaning towards long-term optimism. According to the on-chain analysis platform Glassnode, the ratio of Bitcoin holdings on exchanges fell to 14.5%, recording the lowest level since 2018. This indicates that whale investors are continuously buying and withdrawing, suggesting that selling pressure is decreasing.
Bitcoin is currently seeking direction, and the breakthrough of key technical levels between short-term correction and mid-long-term rise is expected to determine the course.