Analysis: Bitcoin market rally to continue

Cryptocurrency market analyst Noelle Acheson has said that the current Bitcoin bull market shows no signs of ending. Usually, in a bull market, traders who have taken profits buy expensive foreign cars and then show them off, Acheson stated, adding that this is not happening at the moment. According to DL News, Acheson believes that Bitcoin still has room to rise further. On-chain transaction volume has been steadily increasing and has not yet reached an overheated state, she asserted, adding that this shows that market interest is growing. Acheson pointed out that the dollar index (DXY) has been rising for eight consecutive weeks, but it is unlikely that the dollar will continue to strengthen as uncertainties about U.S. tariff policies give way to uncertainty about spending plans, U.S. debt demand and geopolitical changes. A decline in the value of the dollar is positive for Bitcoin, Acheson maintains. Since Bitcoin's main trading pair is the dollar, a weaker dollar can increase Bitcoin's relative value and increase global liquidity, creating an environment in which more funds can flow into the Bitcoin market, she explained.