BTC throughout its history has gone through 3 distinct phases in terms of correlation with DXY
Phase 1 Bear market
DXY rises, and BTC falls. (inversely correlated )
Phase 2 Boring market
DXY rises and BTC rises along with it (Corellated)
Phase 3 Bull phase (inversely correlated)
DXY falls and Btc rises
Perfectly cyclical. Beautiful symmetry
Phase 1 Bear market
DXY rises, and BTC falls. (inversely correlated )
Phase 2 Boring market
DXY rises and BTC rises along with it (Corellated)
Phase 3 Bull phase (inversely correlated)
DXY falls and Btc rises
Perfectly cyclical. Beautiful symmetry
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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.
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.