Bitcoin tipped for 2023-style rebound as Goldman says dollar ‘overvalued’
Bitcoin optimism continues to focus on the declining strength of the US dollar amid the trade war with China — and the worst may not be over for the greenback yet.
Bitcoin (BTC) centered on $84,000 at the April 16 Wall Street open amid hopes that a weak US dollar would fuel a bull market comeback.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after a swift comedown from local highs the day prior.
That volatility had accompanied ongoing developments in the US-China trade war, with crypto and risk assets staying sensitive to headlines and statements from parties such as US President Donald Trump.
