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\n\t\t\t\t\t\t\t\t\tBitcoin is facing pressure on two fronts with continued selling pressure and a new macro headwind, say analysts.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
A strengthening US dollar could put further pressure on Bitcoin, which is already suffering from major institutional selling pressure amid geopolitical uncertainty and increasing inflation.<\/p>\n
\u201cThe bear market was confirmed almost exactly when the DXY found its bottom,\u201d said<\/a> Swissblock analysis on Monday. \u201cAt first, the dollar decline looked supportive for\u00a0BTC. But the reversal changed everything.\u201d<\/p>\n DXY is the dollar index, a measure of greenback strength against a basket of currencies.<\/p>\n Once DXY started climbing again, liquidity tightened, selling pressure intensified, the Risk Index surged, and Bitcoin\u2019s structure deteriorated, according to Swissblock.<\/p>\n The dollar stabilized, and Bitcoin tried to recover in April and early May, but the relief did not last, the analysts added.<\/p>\n \u201cBTC does not only need sellers to run out of pressure. It also needs the dollar headwind to stop strengthening.\u201d<\/p>\n<\/blockquote>\n DXY hit its highest level since May 2025, topping 101 again this week, according<\/a> to TradingView. The dollar has strengthened by 5.6% since the DXY low of 95.6 in January.<\/p>\n A stronger dollar generally signals tighter financial conditions, meaning less cheap money and abundant liquidity<\/a>, so when it dries up, Bitcoin demand weakens.<\/p>\n It also means that holding cash or dollar-denominated assets becomes more attractive, especially if interest rates start to rise, which looks likely this year.<\/p>\n Analyst Benjamin Cowen observed<\/a> that BTC is getting squeezed between the \u201cBear Market Resistance Band\u201d and the 200-week simple moving average.<\/p>\n \u201cA decisive move down later this year, while initially scary, would likely just set up the market cycle bottom for Bitcoin in Q4 2026,\u201d he said.<\/p>\n Meanwhile, Galaxy Research reported on Monday that on-chain distribution by five-year-plus Bitcoin holders has overwhelmed institutional absorption for the last four weeks, further pressuring the asset.<\/p>\n \u201cThis cycle has seen the most significant OG selling in Bitcoin\u2019s history,\u201d said<\/a> CryptoQuant analyst Darkfost.<\/p>\n Onchain distribution by 5+ year bitcoin holders has overwhelmed institutional absorption for the last 4 weeks pic.twitter.com\/hjA0n5uMOV<\/a><\/p>\n \u2014 Galaxy Research (@glxyresearch) June 22, 2026<\/a><\/p>\n<\/blockquote>\n Bitcoin hit an intraday high of $65,468 on Monday, its highest price for five days, but it failed to break higher, falling back below $64,000 during the Tuesday morning Asian trading session.<\/p>\n Volume and liquidity are tightening, keeping BTC pinned around current levels, but with further pressure coming from a stronger dollar, the path of least resistance is downwards<\/a>.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nStrengthening Dollar Bad For Crypto<\/h2>\n
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Bitcoin Price Outlook<\/h2>\n
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