Bitcoin vs DXY: Why the Hell Does it Even Matter?

21 thg 3, 2022

In historical BTC phases bear or bullish, its known that the USD price affects cryptocurrency. If USD aka DXY index is going up, we will see a downtrend in crypto as a whole. If DXY/USD is going down, we see crypto/altcoins start jumping 20% plus moves. So for a simple sum up, it is a very important indicator to use DXY in your crypto trading as historically, it has predicted the crypto market for 2-3 years to come. We are at very important crossroads at the moment with 200dEMA on bitcoin. This will decide what happens for the next 2-3 years in crypto altcoins nfts as a whole, whether we are in a somewhat bear cycle or bull cycle. Can't stress enough how important this is.