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U.S. Dollar Index

DXY and BTC/USD

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Currently, we are observing a divergence between the U.S. Dollar Index (DXY) and Bitcoin (BTC/USD). This divergence is notable because the DXY is showing signs of strength while Bitcoin appears to be under pressure. Historically, there has been an inverse correlation between the U.S. Dollar and Bitcoin, with strength in the dollar often translating to weakness in Bitcoin and other risk assets.
alcoholic-semen-thrower
BTCUSDbtcusdanalysisbtcusdbuyChart PatternscoinbaseDXYdxyindexTechnical IndicatorsTrend Analysis

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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.
BTCUSDbtcusdanalysisbtcusdbuyChart PatternscoinbaseDXYdxyindexTechnical IndicatorsTrend Analysis
alcoholic-semen-thrower

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.