Bitcoin Technical Analysis

The Bitcoin price is still up 72% year to date in 2023 while the SMP and stock market index accumulated only 9% gains. The dollar strength index which measures the US currency against a basket of foreign exchanges with nearing its lowest level in the past 12 months. California Department of Financial Protection and Innovation closed down first republic bank on May 1st. American banking giant JP Morgan chase is set to acquire first republic banks after early efforts at rescue failed.