DXY & Bitcoin Correlation ( $300 Target In 2025 )

DXY V/s Bitcoin Correlation :-

TF:- 2W

✨DXY is currently at $103 Level.

✨Multiple Price Rejections are seen from Support & Resistance zones.

✨RSI bearish Divergence is also seen, While RSI is in OverBought levels.

✨Bearishness is expected in DXY by looking at Current Price Action.

✨We need to wait till the confirmation of Price Rejection from the Resistance zone .

✨ If the Price reject then it can go to the levels of $95 , $93 or $90

✨ For Bullishness in DXY = Price needs to give a Breakout of $103 level with Strong Bullish Green Candle and should give closing above it.

✨If DXY gives a Breakout, Then the Price can go up to levels of $115 - $120 or higher.

Conclusion =
= If DXY Breakout Above $103 Mean Bitcoin Super Bearish and Target would be $25000-$30000 Again.

= If Rejection as per the chart then we can see Bullish Mode Continues And Target would be $52800/$100k

Folmula = Y = 1/X
Where Y = DXY
and X = Bitcoin

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