An interesting situation with Bitcoin — it seemed all conditions were set for growth, but it still couldn't hold above 70,000. Amid positive news from Wall Street, which has been accumulating over the past few months, such a result appears unexpected.

It turns out that not only the enthusiasm of institutional investors plays a role here. The strengthening of the dollar index continues to exert serious pressure on the cryptocurrency market. When the dollar rises, assets in other currencies become more expensive for foreign buyers, which suppresses demand for Bitcoin.

It turns out that even a good news background can be overridden by macroeconomic factors. The dollar index remains a key adversary to the growth of cryptocurrencies, and as long as it doesn't weaken, Bitcoin will find it difficult to break through the current resistance levels.

In general, not everything is decided by positive news — sometimes macro factors are stronger.