I've previously described the correlation, and it's clear to everyone: a weaker DXY is positive for BTC.
đź“ťRecently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
đź’ˇImagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
đź“ťRecently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
đź’ˇImagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
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đź’°Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
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.