Bitcoin Price Drops Below 200-Day Moving Average as US Dollar Hits 3-Month Peak

Bitcoin has experienced a significant price decline, falling below the crucial 200-day moving average support level. This downward movement coincides with the US dollar strengthening to its highest level in three months. The correlation between dollar strength and cryptocurrency weakness continues to impact digital asset markets, with BTC showing increased volatility during this period. Technical analysts are monitoring key support levels as the cryptocurrency faces selling pressure amid broader macroeconomic factors affecting risk assets.