Stocks boom, dollar gloom: 5 Things to watch in Bitcoin this week

Cointelegraph

Published Nov 16, 2020 04:00AM ET

Updated Nov 16, 2020 05:40AM ET

Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action?

Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the coming days.

U.S. dollar currency index 10-day chart. Source: TradingView
Bitcoin weekly closes since all-time high. Source: TradingView
Bitcoin 7-day average hash rate 2-month chart. Source: Blockchain
Crypto Fear & Greed Index historical chart. Source: Alternative.me

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