It's important to be aware of the influence of large DXY moves o
It's important to be aware of the influence of large year+ DXY moves on the price of BTC.
While the bitcoin halving narrative is popular, over 93% of BTC has already been mined, and each subsequent halving has less influence on supply than the previous halving. I believe the halving's primary influence is now on investor behavior, not mining rewards. As evidenced in this chart, the change in DXY likely has more influence on the bitcoin price than does the halving.
While the bitcoin halving narrative is popular, over 93% of BTC has already been mined, and each subsequent halving has less influence on supply than the previous halving. I believe the halving's primary influence is now on investor behavior, not mining rewards. As evidenced in this chart, the change in DXY likely has more influence on the bitcoin price than does the halving.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.