Friday 5 March 2021

Bitcoin's nemesis strikes back

The US Dollar had an amazing rally today, bringing it above the 20 week MA for the first time in a long time. If the USD continues to rally, it historically has meant bad news for Bitcoin (look at 2014 and 2018 as examples). Do you think DXY will continue to rally and push the price of Bitcoin down? Or is this a fake-out by DXY, and Bitcoin will continue its uptrend? TA Video by Benjamin Cowen.