Lately, watching Bitcoin's movements is really interesting. It’s moving in the exact opposite direction of the dollar index, and I think this kind of extreme inverse correlation is almost the first time in about four years.



When the dollar index falls, Bitcoin rises, and conversely, when the dollar index strengthens, Bitcoin drops. This pattern is really clearly showing up. Usually, they don’t move in such perfect opposition.

Following the trend of the dollar index might help predict Bitcoin’s next move. I’m not sure if this correlation will continue, but at least in the short term, dollar strength seems to be a significant variable.
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