U.S. Dollar Index

Weak Dollar = Strong Bitcoin

34
The impact of the dollar on BTC is visible, as soon as the dollar weakens, it often has a positive effect on the growth of bitcoin. Moments when both assets are correlated are circled below.

What awaits the Dollar index? 💵

The main fall of the DXY is expected when the Fed starts to lower the rate, and then the turquoise line will begin to grow (since the DXY is inverted on the chart), which will positively affect the growth of the price of Bitcoin 🚀

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.