BaroVirtual2021-11-06

Bitcoin and DXY

If the DXY rises, then BTC falls, and vice versa. Now BTC has become dependent on the DXY (now the DXY is growing). Warning: BTC is growing with the DXY. What is the danger? Then hard BTC corrections come. At the end of Nov 3, the Fed cut purchases by $15 billion a month. What does this mean for BTC? This means that Treasuries will continue to rise in value along with the DXY. And this is fraught with the fact that BTC may not achieve great goals, may be limited to $72-80K.