Weekly DXY Breaking Down Below 103 = Bitcoin and Crypto Rally

14 בדצמ׳ 2023

This is a great looking chart of the DXY on a weekly time frame.

We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level.

This is looking very Bullish for Bitcion and the Total Crypto Market Cap.

Also notice what happened after the last Bearish engulfing candles in October and November.

This is great to see, after 11 straight weeks of Bullish Green weekly DXY candles prior to that.

This is starting to look very interesting, and as we know as the DXY falls, Bitcion goes up.

Also see my recent analysis on how we could see new highs by January, and 100k BTC by or before the Halving.

Let me know what you think!