Bitcoin Correlation with Dollar
A weaker DXY = a positive for BTC ✍️
The chart below shows the moments when 2 assets are correlated (circled⭕️). Note the DXY is inverted.
In the last post, I said that I expect the dollar to continue to fall, leading to BTC's growth.
💡What's next? Now, most analysts agree that the key rate will decrease in 2024, which is again negative for the dollar and positive for risk assets↗️
A weaker DXY = a positive for BTC ✍️
The chart below shows the moments when 2 assets are correlated (circled⭕️). Note the DXY is inverted.
In the last post, I said that I expect the dollar to continue to fall, leading to BTC's growth.
💡What's next? Now, most analysts agree that the key rate will decrease in 2024, which is again negative for the dollar and positive for risk assets↗️