This Is The Indicator That Called Bitcoin’s Last ATH Run – And It’s Back
0
0
- An analyst spotted a critical signal for risk assets.
- The dollar index dropped below 100 for the first time since 2023.
- A weakening US dollar boosts investors’ appetite for risk assets.
An analyst on X has spotted a developing signal that could trigger a bullish run for cryptocurrencies and risk assets.
In his latest post, the analyst showed how the dollar index fell below 100, a scenario that historically coincides with crypto market rallies and surges in risk asset prices.
The
— Ash Crypto (@Ashcryptoreal) April 11, 2025US dollar is weakening
The dollar index just hit below 100
for the first time since july 2023.
A weak dollar means bullish for risk-
on assets like stocks and crypto pic.twitter.com/vefeMzdQIB
When DXY Last Broke 100, Bitcoin Began its Run to New Highs
The analyst’s post highlighted a pattern, revealing that the metric under review had not crossed below 100 since 2023 despite testing the support repeatedly.
The last time it happened coincided with Bitcoin’s recovery from the extended bear market, leading to the 2024 bull run that saw the cryptocurrency reach a new all-time high.
Related: “Once You See This, the Game…
The post This Is The Indicator That Called Bitcoin’s Last ATH Run – And It’s Back appeared first on Coin Edition.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0