Oct 9 • Market Updates 📊
Is the DXY Signalling a Market Reversal?
As we can see in this chart of the Dollar Index (DXY) it's been in a nice downtrend for the better part of 2025. What most people don't realize is that this index typically moves inversely to Bitcoin (but not always).
I was expecting further drawdown on the DXY, as we say new ATH's for Bitcoin and crypto.
This break in the downward sloping trading channel could signify a near term rally in the DXY, and a potential correction for Bitcoin. We shall see.
1
0 comments
Is the DXY Signalling a Market Reversal?
skool.com/moonstreamacademy
Moonstream Academy is a community of like-minded crypto enthusiasts wanting to share ideas, improve trading skills, and immerse in everything crypto.
Powered by