Analysts Predict DXY Rebound: What This Means for Bitcoin’s Future

According to analysts, the US Dollar Index (DXY), which measures the strength of the US dollar against a basket of major currencies, is showing signs of improving momentum. They believe the index may be approaching a bottom, with a potential bounce on the horizon.   However, a strengthening dollar could have significant implications for cryptocurrencies, particularly Bitcoin (BTC). The largest cryptocurrency has historically demonstrated an inverse correlation with the DXY source: https://beincrypto.com/dxy-bitcoin-correlation-prediction/