US dollar squeeze and $19K BTC: 5 Things to watch in Bitcoin this week

Cointelegraph

Published Nov 23, 2020 04:00AM ET

Updated Nov 23, 2020 05:40AM ET

Bitcoin (BTC) starts another week at near historic highs as the U.S. dollar continues to drop — what’s next?

With investors seeking safe havens and Bitcoin already seeing a demand squeeze, Cointelegraph covers the factors that could further shape price action this week.

U.S. dollar currency index 3-month chart. Source: TradingView
ItBit volume chart. Source: Pantera Capital
Bitcoin 7-day average hash rate 2-month chart. Source: Blockchain
Bitcoin price performance with halvings highlighted. Source: PlanB
Crypto Fear & Greed Index. Source: Alternative.me

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