Bitcoin gets 'highly favorable' cues as DXY sets 21-year weakness record
3h ago•
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Bitcoin maintaining its inverse correlation to the US dollar means big wins on the horizon as the dollar strength DXY index trails below key moving averages.
Key points:
The US dollar index (DXY) is below its yearly moving average and more than six points below its 200-day equivalent.
Bitcoin should stand to benefit from the trend thanks to its traditional inverse correlation to DXY.
3h ago•
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0
bearish:
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