{"id":559499,"date":"2023-11-07T12:45:08","date_gmt":"2023-11-07T12:45:08","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=559499"},"modified":"2024-06-11T10:10:40","modified_gmt":"2024-06-11T10:10:40","slug":"bitcoin-price-targets-46000-dxy-kiss-of-death","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/","title":{"rendered":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death"},"content":{"rendered":"

In a striking dual analysis, the financial charts paint contrasting futures for the US Dollar Index (DXY) and Bitcoin (BTC). Gert van Lagen, a technical analyst, has provided a bearish prognosis for the DXY, while simultaneously highlighting a bullish setup for Bitcoin that could see it aiming for a $46,000 target.<\/p>\n

DXY Receives Kiss Of Death<\/h2>\n

The DXY has been in an upward trend since July, as shown by the blue ascending trend line on the daily chart. However, this line was broken to the downside on October 9, indicating a change in market sentiment. Van Lagen explains<\/a>, “Blue uptrend since July has been broken too. Time to continue down.”<\/p>\n

\"DXY
DXY 1-day chart: Kiss of death | Source: X @GertvanLagen<\/figcaption><\/figure>\n

This sentiment is reinforced by the price action within the black channel from the beginning of October till recently, where a period of consolidation is visible, succeeded by a strong downward move. The DXY dropped by 1.2% last Friday, November 3, to 104.92 and is currently undergoing a retest of the channel, a common technical pattern where the price moves back to the breakdown point before continuing in the direction of the initial direction.<\/p>\n

Related Reading: Why Ark Invest\u2019s Cathie Wood Picks Bitcoin Over Cash And Gold<\/a><\/div>\n

A third bearish argument for the DXY is the rejection at the highlighted red zone on the chart which signifies a high timeframe Fibonacci resistance area. The Fibonacci retracement is a popular tool among traders to identify potential reversal levels. The DXY’s price action shows a “clear rejection” at this level, where the index attempted to rise but was pushed back down, reinforcing the bearish stance.<\/p>\n

Bitcoin Price Targets $46,000<\/h2>\n

Amidst the weakness of the DXY, the inverse correlation with Bitcoin becomes a focal point for crypto investors. Gert van Lagen provides<\/a> insight into Bitcoin’s potential trajectory, observing a bullish pattern emerging on its 6-hour chart.<\/p>\n

\"Bitcoin
Bitcoin bullish pennant | Source: X @GertvanLagen<\/figcaption><\/figure>\n

“BTC [6h] – Bullish pennant in play targeting $46k. The pennant is part of the shown ascending channel,” remarked van Lagen. The chart displays Bitcoin’s price consolidating in a pennant structure, a continuation pattern that signals a pause in a strong upward or downward trend before the next move.<\/p>\n

The pennant is delineated by converging trend lines which have been formed by connecting the sequential highs and lows of price action, converging to a point indicative of an imminent breakout.<\/p>\n

Related Reading: Expert Predicts Date For Next Bitcoin Cycle High Of $130,000<\/a><\/div>\n

In this case, the pennant follows a significant upward trend, suggesting that the breakout is likely to continue in the bullish direction. The ascending channel, highlighted by two parallel upward-sloping lines, encompasses the entire bullish movement of Bitcoin on the chart, including the pennant formation. This channel serves as a guide for the price trend, indicating where support and resistance levels are anticipated at the moment.<\/p>\n

Van Lagen’s analysis posits a targeted price of $46,000 upon the resolution of the pennant, a level that is determined by the height of the prior move that preceded the pennant, projected upward from the point of breakout. The dashed lines on the chart illustrate the potential path Bitcoin’s price could take following the breakout.<\/p>\n

An important detail in van Lagen’s chart is the ‘Invalidation’ level marked below the pennant. This level at $34,103 is critical as it signifies where the bullish hypothesis would be considered incorrect, serving as a stop-loss point for traders acting on this pattern.<\/p>\n

At press time, BTC traded at $34,625.<\/p>\n

\"Bitcoin
Bitcoin price drops below $35,000, 1-day chart | Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Dmytro Demidko \/ Unsplash, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a striking dual analysis, the financial charts paint contrasting futures for the US Dollar Index (DXY) and Bitcoin (BTC). Gert van Lagen, a technical analyst, has provided a bearish prognosis for the DXY, while simultaneously highlighting a bullish setup for Bitcoin that could see it aiming for a $46,000 target. DXY Receives Kiss Of Death The DXY has been in an upward trend since July, as shown by the blue ascending trend line on the daily chart. However, this line was broken to the downside on October 9, indicating a change in market sentiment. Van Lagen explains, “Blue uptrend since July has been broken too. Time to continue down.” This sentiment is reinforced by the price action within the black channel from the beginning of October till recently, where a period of consolidation is visible, succeeded by a strong downward move. The DXY dropped by 1.2% last Friday, November 3, to 104.92 and is currently undergoing a retest of the channel, a common technical pattern where the price moves back to the breakdown point before continuing in the direction of the initial direction. Related Reading: Why Ark Invest\u2019s Cathie Wood Picks Bitcoin Over Cash And Gold A third bearish argument for the DXY is the rejection at the highlighted red zone on the chart which signifies a high timeframe Fibonacci resistance area. The Fibonacci retracement is a popular tool among traders to identify potential reversal levels. The DXY’s price action shows a “clear rejection” at this level, where the index attempted to rise but was pushed back down, reinforcing the bearish stance. Bitcoin Price Targets $46,000 Amidst the weakness of the DXY, the inverse correlation with Bitcoin becomes a focal point for crypto investors. Gert van Lagen provides insight into Bitcoin’s potential trajectory, observing a bullish pattern emerging on its 6-hour chart. “BTC [6h] – Bullish pennant in play targeting $46k. The pennant is part of the shown ascending channel,” remarked van Lagen. The chart displays Bitcoin’s price consolidating in a pennant structure, a continuation pattern that signals a pause in a strong upward or downward trend before the next move. The pennant is delineated by converging trend lines which have been formed by connecting the sequential highs and lows of price action, converging to a point indicative of an imminent breakout. Related Reading: Expert Predicts Date For Next Bitcoin Cycle High Of $130,000 In this case, the pennant follows a significant upward trend, suggesting that the breakout is likely to continue in the bullish direction. The ascending channel, highlighted by two parallel upward-sloping lines, encompasses the entire bullish movement of Bitcoin on the chart, including the pennant formation. This channel serves as a guide for the price trend, indicating where support and resistance levels are anticipated at the moment. Van Lagen’s analysis posits a targeted price of $46,000 upon the resolution of the pennant, a level that is determined by the height of the prior move that preceded the pennant, projected upward from the point of breakout. The dashed lines on the chart illustrate the potential path Bitcoin’s price could take following the breakout. An important detail in van Lagen’s chart is the ‘Invalidation’ level marked below the pennant. This level at $34,103 is critical as it signifies where the bullish hypothesis would be considered incorrect, serving as a stop-loss point for traders acting on this pattern. At press time, BTC traded at $34,625. Featured image from Dmytro Demidko \/ Unsplash, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":559505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1122,89322,79522,89832],"class_list":["post-559499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-dollar-index","tag-dxy","tag-dxy-kiss-of-death"],"acf":[],"yoast_head":"\nBitcoin Price Targets $46,000 As DXY Receives Kiss Of Death<\/title>\n<meta name=\"description\" content=\"Gert van Lagen has provided a bearish prognosis for the DXY, while highlighting a bullish setup for Bitcoin with a target of $46,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death\" \/>\n<meta property=\"og:description\" content=\"Gert van Lagen has provided a bearish prognosis for the DXY, while highlighting a bullish setup for Bitcoin with a target of $46,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T12:45:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:10:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death\",\"datePublished\":\"2023-11-07T12:45:08+00:00\",\"dateModified\":\"2024-06-11T10:10:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\"},\"wordCount\":629,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btc price\",\"Dollar Index\",\"dxy\",\"DXY Kiss Of Death\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\",\"name\":\"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280\",\"datePublished\":\"2023-11-07T12:45:08+00:00\",\"dateModified\":\"2024-06-11T10:10:40+00:00\",\"description\":\"Gert van Lagen has provided a bearish prognosis for the DXY, while highlighting a bullish setup for Bitcoin with a target of $46,000.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280\",\"width\":1920,\"height\":1280,\"caption\":\"Bitcoin DXY\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ktsl888.com\/#website\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death","description":"Gert van Lagen has provided a bearish prognosis for the DXY, while highlighting a bullish setup for Bitcoin with a target of $46,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death","og_description":"Gert van Lagen has provided a bearish prognosis for the DXY, while highlighting a bullish setup for Bitcoin with a target of $46,000.","og_url":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-11-07T12:45:08+00:00","article_modified_time":"2024-06-11T10:10:40+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#article","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death","datePublished":"2023-11-07T12:45:08+00:00","dateModified":"2024-06-11T10:10:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/"},"wordCount":629,"publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280","keywords":["bitcoin","bitcoin price","btc","btc price","Dollar Index","dxy","DXY Kiss Of Death"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/","url":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/","name":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280","datePublished":"2023-11-07T12:45:08+00:00","dateModified":"2024-06-11T10:10:40+00:00","description":"Gert van Lagen has provided a bearish prognosis for the DXY, while highlighting a bullish setup for Bitcoin with a target of $46,000.","breadcrumb":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#primaryimage","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280","width":1920,"height":1280,"caption":"Bitcoin DXY"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death"}]},{"@type":"WebSite","@id":"https:\/\/www.ktsl888.com\/#website","url":"https:\/\/www.ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/www.ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/www.ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death","url":"http:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/bitcoin-price-targets-46000-dxy-kiss-of-death\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btc price","dollar index","dxy","dxy kiss of death"],"dateCreated":"2023-11-07T12:45:08Z","datePublished":"2023-11-07T12:45:08Z","dateModified":"2024-06-11T10:10:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin-price-targets-46000-dxy-kiss-of-death\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin-price-targets-46000-dxy-kiss-of-death\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btc price\",\"dollar index\",\"dxy\",\"dxy kiss of death\"],\"dateCreated\":\"2023-11-07T12:45:08Z\",\"datePublished\":\"2023-11-07T12:45:08Z\",\"dateModified\":\"2024-06-11T10:10:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/11\/dmytro-demidko-eBWzFKahEaU-unsplash-1.jpg?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/559499"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=559499"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/559499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/559505"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=559499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=559499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=559499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}