Bitcoin Could Climb Higher as Dollar Weakens, Says Analyst
In his latest market update, he suggested that the current macro environment favors further gains for BTC.
Pizzino expects continued downward pressure on the U.S. dollar, which he views as a positive factor for Bitcoin at this stage of the market cycle. He sees the relationship between a declining dollar and rising BTC as intact, especially as Bitcoin maintains its upward trajectory.
He also pointed to the S&P 500’s performance as a supporting indicator. While the index hasn’t yet reached a new all-time high, Pizzino noted that the strong trend and breakout from recent consolidation could create favorable conditions for Bitcoin to follow with similar upward movement.
However, he warned that Bitcoin may be entering the final phase of its bull market. He observed growing activity from companies holding BTC on their balance sheets—many of which have seen their stock prices rise primarily due to Bitcoin exposure rather than business fundamentals.
Pizzino cautioned that such behavior often appears near market tops and contributes to increased leverage in the system, a dynamic that typically plays out at the end of a cycle.
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Filed under: Bitcoin - @ July 19, 2025 3:01 am