The US Dollar index is one of the major markey that often correlates with bitcoin on a negative note....For example , if the US dollars index is getting strong , the bitcoin price tends to fall , when the US dollars index is getting weak, the bitcoin price tends to rise....So a weak dollars often lead to a bullish bitcoin while a strong dollar often lead to a bearish bitcoin..
Looking at the chart , we would see that the indicator is showing a bearish signal even though that the current daily candle is green , but the price action on the chart is making the confirmation towards the bearish signals..
If the bears hold the usd index chart successfully then we might see a bullish bitcoin very soon because a weaker US dollars often makes bitcoin to rise in price...
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