{"id":29041,"date":"2023-09-22T13:22:55","date_gmt":"2023-09-22T13:22:55","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/22\/btc-could-revisit-20k-macro-higher-low\/"},"modified":"2023-09-22T13:22:55","modified_gmt":"2023-09-22T13:22:55","slug":"btc-could-revisit-20k-macro-higher-low","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/22\/btc-could-revisit-20k-macro-higher-low\/","title":{"rendered":"BTC Could Revisit $20k Macro Higher Low"},"content":{"rendered":"

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The crypto market lastly succumbed to stress as traders contemplated the\u00a0Federal Reserve\u2019s decision<\/a>\u00a0to depart rates of interest unchanged for September whereas wanting ahead to a tighter financial grip over the approaching months. Bitcoin value slid beneath $27,000 assist following a rejection from $27,200.<\/p>\n

Attempts to regain management over the $27,000 went down the drain with losses presently stretching to $26,600. Down 0.5% within the final 24 hours,\u00a0Bitcoin price<\/a>\u00a0is buying and selling at $26,606. News that fallen trade\u00a0Mt. Gox would delay payouts<\/a>\u00a0helped to manage the coin\u2019s draw back amid speculations of one other sweep on the $25,000 main assist.<\/p>\n

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Bitcoin Price Correlation With US Dollar Index Hits New Milestone<\/h2>\n

According to the on-chain analytics platform IntoTheBlock (ITB),\u00a0the correlation between Bitcoin price and the US Dollar Index<\/a>\u00a0has hit a brand new milestone \u2013 zero, which can indicate that the strongest forex on the earth has no affect on BTC.<\/p>\n

Furthermore, \u201cthere is currently almost no correlation with any of the major indices,\u201d ITB mentioned by way of X. As Bitcoin tries to form the pattern towards the halving in 2024, the query is, is that this lack of correlation a bullish or bearish sign?<\/p>\n

\"Bitcoin