$DXY Dump Incoming? What’s Next for Cryptos!

DXY Dump Incoming? What’s Next for Cryptos!

The fractals in the chart are insane and indicate a drop in the U.S. Dollar Index (DXY) that can fuel significant moves in the crypto market:

Bitcoin & Altcoins Surge:
As the dollar weakens, cryptocurrencies become more attractive, expecting strong rallies in BTC and altcoins.

Commodities Rise:
Gold, silver, and oil typically gain, making crypto a competitor in the “store of value” race.

Risk-On Sentiment:
Investors shift to riskier assets like crypto, increasing prices.

Global FX Shift:
Other currencies gain strength, making crypto a go-to asset for global investors.

Bottom line: When the dollar drops, crypto thrives.

Like and repost if you agree! Bookmark for future posts!