DXY & BTC inverse chart
Hi guys, if you follow Bitcoin's moves since march 2020 you will find that besides the halving effect we also got this massive bull run because of the dollar's weakness. At the moment we had a bit of a bounce back from the dollar, a move that didn't really shake out the bitcoin bulls, showing us that the demand is real for crypto.
We're almost at the low side of the rising channel on DXY and will be touching the support in the next few days. A reaction there will indicate what the next moves might be both in regards of DXY and BTC.
Trade safely, this is not financial advice, only drawings on a chart.
We're almost at the low side of the rising channel on DXY and will be touching the support in the next few days. A reaction there will indicate what the next moves might be both in regards of DXY and BTC.
Trade safely, this is not financial advice, only drawings on a chart.
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