Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week

Cointelegraph

Published Oct 12, 2020 04:03AM ET

Updated Oct 13, 2020 06:00AM ET

Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control?

Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action.

U.S. dollar currency index six-month chart. Source: TradingView
Bitcoin vs. S&P 500 three-month chart. Source: Skew
Bitcoin seven-day average hash rate one-month chart. Source: Blockchain
Crypto Fear and Greed Index three-month chart. Source: Alternative.me

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