Bitunix Analyst: Dollar Hits Three-Year Low, Safe Haven Sentiment Rises, BTC Could Rise to $90,000 if It Breaks $86,000

BlockBeats News, April 19: This week, the US Dollar Index saw its fourth consecutive weekly decline, hitting a three-year low of 99.4, with a year-to-date decline of over 8%. The weak dollar, combined with inflation and trade policy uncertainty, has sparked market safe-haven demand, with funds flowing rapidly into gold and non-dollar currencies. Gold surged 2.76% this week, reaching a historical high of $3,357.68 per ounce. US stocks were under pressure as well, with the Dow and Nasdaq weekly declines exceeding 2.6%. The Federal Reserve's statement of "no market rescue" further intensified market anxiety. Under the dual pressure of the dollar and the stock market, the potential of cryptocurrency as an alternative safe haven asset is once again in focus.

Bitunix analysts suggest that if gold continues to strengthen and the US Dollar Index remains weak, mainstream cryptocurrencies may see an influx of funds. The key short-term range for BTC is between $83,000 support and $86,000 resistance. If successfully broken, there is potential to challenge the $90,000 psychological barrier and initiate a new uptrend.