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UnknownUnicorn1495183
Jan 22, 2021 5:24 AM

Has This Entire Run Up Just Been Another Bubble? 

Bitcoin / U.S. dollarBitstamp

Description

As you can see in the following chart, when DXY hit 89 last in 2018 it also coincided with a top forming in Bitcoin around the same time period. Currently DXY is situated at its 89 support level. While I'm not calling a top here in Bitcoin, I would be wary about opening any new longs unless price can find a way to break through 40K.
Comments
SIGPokerKing
Thank you for the analysis.
dudebruhwhoa
Really cool idea, on the other hand, BTC could finally fulfill its supposed purpose of replacing an out of control dollar should DXY drop below 89
cryptospawn
Super interesting. Thank you
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