Bitcoin Price Correlation To U.S. Dollar & Interest Rates

<p>"When we see the bitcoin price consolidate, coil, or trade within a tight range, investors can expect a massive move. There were about $75 million in liquidations today. I correlate this to the U.S. Dollar price and movement in interest rates, which makes bitcoin easier to trade. There are still a lot of bitcoin bulls out there. If we break the $17,300 bitcoin price level, it could easily reach $13,000," says Scott Bauer.</p>