Is the 30k bitcoin support decisively broken ? DXY gives a hint
Updated
There is doubt if the support line of 30k is broken or not, to most it seems it has not broken yet, but what if we bring into account the real dollar value ?
I experimented that by dividing BTCUSD pair by dollars DXY to have a better picture . The two charts are almost identical for past two years but new chart after compensation for dollar value shows it has recently broken the support line and it seems currently testing resistance line, the former support line; in other words it is not a bounce.
I experimented that by dividing BTCUSD pair by dollars DXY to have a better picture . The two charts are almost identical for past two years but new chart after compensation for dollar value shows it has recently broken the support line and it seems currently testing resistance line, the former support line; in other words it is not a bounce.
Note
Idea is still active.Note
The Idea was right and the 30k support was broken, price went down to 20k. Idea closed.
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