U.S. Dollar Index $DXY closing in on 110 as it jumps to highest level in almost 26 months 📈
Discussion
Strong USD = bad for equities = more printing to prop up public markets = #bitcoin fixes this
I am seeing stronger dxy until 1/13, according to 5 yr seasonslity. Then, a selloff on 1/13, which would be a good breakout point for bitcoin. Dxy and spy/spx can selloff together, the correlation is not always inverse, it varies over short periods.
They will do what they can to weaken the dollar. Its a wrecking ball if it strengthens too much. Bullish for Bitcoin.