Bitcoin’s Stagnation Raises Concern Among Traders

Bitcoin is currently facing stagnation, hovering around $111,000, leading to unease among traders as it struggles to maintain support at $112,500. Roman Trading, known for bearish Bitcoin predictions in the past, maintains his negative outlook, emphasizing the importance of the Euro chart in his analyses. He points out that Bitcoin’s recent rise is not due to intrinsic growth but rather a decline in the dollar index (DXY). Roman argues that the surge is primarily fueled by the falling DXY and believes the excitement surrounding ETFs has peaked, leaving long-positioned bulls fatigued.