#DXY Technical Analysis:-
US Dollar Currency Index Currently trading at $107
In Simple way as per Past Performance
DXY inverse Proportional to #Bitcoin
In This Chart Detail Explanation:-
December 2016 #DXY Price was $103 ( Which was ATH ) that time Bitcoin Price was $750
After one yearDXY dumped badly and Hit $88 within one year and This time 
BITCOIN Hit New All Time High $19900
After AgainDXY Pumped and Hit $103 in 2020 so Again Bitcoin Crashed Badly and Hit again Low of Bear Market $3200-$3800
After then Bitcoin Found bottom in 2029-2020DXY trend was changed and Hit again low around $89 that was Last year and BITCOIN Hit New All Time high $69000
But CurrentlyDXY breakout $103 resistance and Hit $114 which was ATH of Dollar currency Index.
And Currently Bitcoin Trading around $15500-$16600
So In one Line :- We are Very Near ofBITCOIN Low / Bottom.
So Ignore all Negative News and Articles/Media and Buy Bitcoin and Hold Till December 2025
IMO August 2024 - December 2025 will Be bottom ofDXY and This is ATH of Bitcoin.
Too much research in this Analysis so Please Like and share and Appreciate guys.
Thank you.
US Dollar Currency Index Currently trading at $107In Simple way as per Past Performance
DXY inverse Proportional to #BitcoinIn This Chart Detail Explanation:-
December 2016 #DXY Price was $103 ( Which was ATH ) that time Bitcoin Price was $750
After one year
DXY dumped badly and Hit $88 within one year and This time BITCOIN Hit New All Time High $19900After Again
DXY Pumped and Hit $103 in 2020 so Again Bitcoin Crashed Badly and Hit again Low of Bear Market $3200-$3800After then Bitcoin Found bottom in 2029-2020
DXY trend was changed and Hit again low around $89 that was Last year and BITCOIN Hit New All Time high $69000But Currently
DXY breakout $103 resistance and Hit $114 which was ATH of Dollar currency Index.And Currently Bitcoin Trading around $15500-$16600
So In one Line :- We are Very Near of
BITCOIN Low / Bottom.So Ignore all Negative News and Articles/Media and Buy Bitcoin and Hold Till December 2025
IMO August 2024 - December 2025 will Be bottom of
DXY and This is ATH of Bitcoin.Too much research in this Analysis so Please Like and share and Appreciate guys.
Thank you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.