Crypto: Bitcoin Due Dollar-fueled Macro Bottom As Traders Dismiss $88k Bounce

Bitcoin price analysis warned that BTC would follow the US dollar toward a long-term bottom next, adding pain for crypto bulls.

Bitcoin (BTC) recovered through $88,000 after Monday’s Wall Street open as analysis called core demand “intact.”

Bitcoin attempts to maintain a bounce after hitting new 2026 lows of $86,000.

Traders see downside resuming as markets grapple with uncertainty across the board.

Research still says that Bitcoin has a solid demand base.

Data from TradingView showed BTC price action continuing to bounce from new 2026 lows seen at the weekly close.

After a disappointing weekly candle sparked warnings of further downside in crypto analytics circles, traders had little faith in Monday’s rebound lasting.

“I believe the maximum extension is likely around 89–91K before further downside,” trader Killa wrote in his latest post on X.

Fellow trader BitBull eyed declining US dollar strength as a cue for BTC/USD to put in a characteristic long-term low.

“This is a very crucial chart for $BTC holders,” he told X followers alongside a chart of the US dollar index (DXY).

Source: CoinTelegraph