Traders and influencers have been issuing alerts about this inverse correlation ... bearish double top formation on the DXY chart, while simultaneously Bitcoin forms a double bottom, a bullish ...

Bitcoin buy signal emerges as DXY drops 3.4%, a rare event seen 3 times before, hinting at a big BTC rally. Bitcoin has been struggling with lower lows in recent weeks, leaving many investors ...

DXY weekly price chart. Source: TradingView DXY's weekly ... The main reason is the strengthening negative weekly correlation between Bitcoin and DXY, with the coefficient around -50 as of May ...

But this cloud has a silver lining. Check out these charts: Look closely at the correlation, and then look at what the price of Bitcoin is doing at times when the correlation is at its lowest.

particularly Bitcoin and the broader crypto market. The chart suggests that after failing to sustain its breakout, the DXY is poised for another downturn, aligning with a historical pattern of ...

However, a breakout of the US Dollar Index (DXY) could mean another pullback for the Bitcoin price in the short-term if the inverse correlation ... A look at the 4-hour chart shows the explosive ...

and with near-zero correlation. With the dollar weakening, stock prices falling, and bonds losing their usual safe haven appeal, the question on everyone's mind is: What's keeping Bitcoin afloat?