Bitcoin bulls are betting that the dollar will continue to weaken and that bitcoin will rebound again.

The recent pullback in the dollar index (DXY) has bitcoin bulls betting that the dollar will continue to weaken and bitcoin will rebound again. While dollar bulls foresee weakness in DXY, some banks, after factoring in divergent interest rate expectations and the threat of U.S. tariffs, Societe Generale and Scotiabank expect the dollar to remain strong due to divergent interest rate expectations.