The US dollar's sharp decline pushes up Bitcoin; structural resistance still difficult to break through

GasFeeLady · 2026-01-12T11:42:11+00:00

Bitcoin has recently risen due to the decline of the US dollar but failed to hold above $92,000, showing weak momentum. Market sentiment is gradually cooling down, with attention turning to upcoming US CPI data and the Supreme Court ruling, which will influence risk sentiment and asset allocation.

GasFeeLady

2026-01-12 11:42:11

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【Blockchain Rhythm】Recently, Bitcoin has been in the spotlight again. On January 12th, during the Asian morning session, as the US dollar sharply declined, Bitcoin, gold, and silver all surged. The timing was quite coincidental, just as Powell made remarks. He mentioned subpoenas from the Department of Justice to the Federal Reserve and potential criminal charges, which the market interpreted as retaliation against the Fed for refusing to cooperate with certain interest rate policies.

On the surface, this rally seemed to be the market re-evaluating Bitcoin’s safe-haven properties—viewing it as a tool to counteract fiat currency systems or institutional risks. But honestly, the subsequent momentum was quite weak. Bitcoin failed to hold the $92,000 level, and it sharply retreated as soon as Europe opened. This scenario had repeatedly occurred in the fourth quarter of last year and has basically become routine.

The problem is, Bitcoin once again failed to capitalize on the bullish rally. Since October 10th, it has been under structural pressure, unable to break through. Market expectations for a major breakthrough in the first quarter are gradually cooling.

Looking ahead, there is still considerable room for volatility. On Tuesday (January 13th), when US CPI data is released, the market will definitely tighten up. Following that, on Wednesday (January 14th), the US Supreme Court’s ruling on tariffs will also have a significant impact on cross-asset allocation and overall risk sentiment. So, during this period, keeping an eye on macroeconomic data is essential.

BTC4,49%

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not_your_keys

· 01-12 12:12

It's the same old trick again—when the dollar falls, Bitcoin rises, then it gets hammered down. If 92k can't be held, what's the hope? When will this structural pressure finally break?

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SelfSovereignSteve

· 01-12 12:12

Here we go again? The dollar drops, BTC rises, and Powell comes out to say a few words... then right at the open, they dump the market—same old trick, haha.

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ContractBugHunter

· 01-12 12:07

It's another fleeting moment. The dollar drops for two days, and the coins follow the trend and rise, then as soon as the European market opens, it crashes right back... I'm tired of this routine.

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AllInAlice

· 01-12 12:06

It's the same old trick again. A positive development comes out, and then it gets hammered down immediately. Holding at 92,000 is really hopeless, and there's structural pressure... To put it simply, no one is willing to take the offload.

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HallucinationGrower

· 01-12 11:57

Here we go again with this routine? The dollar is falling, safe-haven attributes, can't break through... It's always the same script, I'm getting bored of it. If you can't hold 92,000, don't force it; the term "structural pressure" has been overused.

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