You are viewing a single comment's thread from:RE: LeoThread 2023-02-02 08:50View the full contextsapphirecrypto (69)in LeoFinance • last year Much of the #Bitcoin pump came down to dollar weakness... true test now for BTC... #DXY just popped.
I had a feeling people were starting to look at BTC as a good store of value again.
Historically there has been a correlation between the USD and BTC.
We will see how it holds up.
Yes. I don't think too much will happen under 1.03. However, if the DXY breaks 1.04/1.05 there is likely to be a decent retracement on BTC... but, yes... we are watching for now.
The question does the inverse correlation hold? No reason it shouldnt but you never can tell.