BitcoinLong
USD strength correlation (for long-term holders) - reposted
There's been a few posts around USD selling pressure reversals and the impacts on BTC and I thought it may be useful to compare the two, especially for noobs. By inverting the scale on DXY, you can see the close correlation but hopefully it also helps understand the recent corrections and the bull run from 20k. The reversals generally coincide with the BTC corrections and equally the long trend of selling correlates with the bull run. Obviously there are other variables and this is not advice, but hopefully useful for those looking to hold long-term.
Reposted with annotations hopefully this time..
Reposted with annotations hopefully this time..
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