DXY vs Bitcoin Update.
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
DXY is gaining momentum already broken the multi year resistance whereas Bitcoin is just keep on bouncing in and out from it’s resistance 40800 seems like price is getting weaker, Moreover bitcoin was rejected from the 200 DMA (daily moving average) and got supported by 600DMA (daily moving average) IMO if bitcoin breaks the 600DMA support we might see the major selloff, as long as it is holding the 600MA it is just a consolidation goin on between 200DMA and 600DMA plain and simple.
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