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TechFlow news, November 29 — According to The Block, Bitwise Asset Management analysts pointed out that despite Bitcoin's price approaching $100,000, the continued strength of the U.S. dollar could become a significant resistance factor preventing its breakout.
The analysts stated that a strong dollar typically exerts downward pressure on risk assets including Bitcoin, which may affect market demand and limit further upside potential for Bitcoin.
According to The Block, Bitwise Asset Management analysts noted that despite Bitcoin's price approaching $100,000, the continued strength of the U.S. dollar could become a significant resistance factor for its breakout.
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