Will the dollar’s weakness result in Bitcoin finally breaking $12,000?
Cointelegraph
Published Oct 17, 2020 12:41PM ET
Updated Oct 17, 2020 02:20PM ET
Historically, a weaker United States Dollar leads to strength across other “safe haven” assets. By analyzing the correlation, such momentum and conclusion can also be drawn with Bitcoin (BTC) and the USD.
Bitcoin has gained in 2020 as the U.S. Dollar Currency Index (DXY) has been having a tough year. But will this momentum continue in the coming months? Let’s take a closer look at the charts.
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Written By: Cointelegraph
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