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Bitcoinist 2020-10-28 15:00:30

How The Dollar (DXY) Is Responsible For Bitcoin Rejection Under $14,000

Bitcoin has been explosive for the past few weeks now, revisiting highs from 2019. But before the leading cryptocurrency by market cap could set a higher high and confirm a bull market, the dollar’s recovery might have gotten in the way. According to the DXY Dollar Currency Index, the greenback has formed a rounding bottom and broken upward out from a falling wedge reversal pattern. But why exactly is this bearish for Bitcoin, and what […]

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