Analyst Predicts DXY Collapse and Bitcoin Rally in Coming Months
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Analyst Predicts DXY Collapse and Bitcoin Rally in Coming Months

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1 year ago

The U.S. Dollar index (DXY) is about to enter a significant downtrend, according to cryptocurrency analyst EGRAG CRYPTO. Read more on Coin Edition.

Analyst Predicts DXY Collapse and Bitcoin Rally in Coming Months
  • EGRAG CRYPTO says the U.S. Dollar index (DXY) is about to enter a significant downtrend.
  • The analyst projected that DXY would fall toward $93 after facing an upward rejection.
  • The DXY maintains a historically negative correlation against Bitcoin.

The U.S. Dollar index (DXY) is about to enter a significant downtrend, according to cryptocurrency analyst EGRAG CRYPTO. In an analysis posted on Twitter, EGRAG projected that DXY would fall toward $93 after facing an upward rejection.

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