Bitcoin eyes 15k as dollar slumps

The dollar is getting some stuffing knocked out of it now today. The USD index (USDX) had fallen even further as the across the board losses for the US currency extend even more. That has seen the EUR/USD extend its upside move to beyond 1.1860. That move is also helping Bitcoin to make further gains as it seems the correlation between the EUR/USD and Bitcoin is back in vogue again today. Bitcoin has just now trading to as high as 14,950 so it has not yet quite managed to reach that 15k handle, despite coming close. As noted here yesterday, the break above 14,100 was the first indication that a broader move to the next level was in play. It was noted here that such an upside move could take the price to test the next important level in place at around 15,300. Well, nothing that has transpired so far today has given any reason to doubt the price may yet reach this price point. As to whether or not that takes place today is not certain, but once 15k is surpassed then there is little reason to suggest it will not see that sooner rather than later. Bitcoin is just now trading at 14,954 which is a new session high