• 17 July, 2024
Market News

Recent Analysis From cn10y/Dxy Suggests That the Bullish Momentum of Btc Is Still Intact

These patterns in liquidity and the dollar index suggest that the Bitcoin market may be due for a major impulse. Analysts are keeping an eye on CN10Y/DXY to see if it will continue to break higher, as this could indicate strong liquidity flow into the cryptocurrency market.

This could then lead to a substantial move in Bitcoin’s price, as seen in the past 5 times when CN10Y/DXY broke above its 1-year MA and monthly MACD went bullish.

Further, rotating the chart of CN10Y/DXY 30 degrees gives an almost identical image to that of Bitcoin’s chart. So far, these indicators have accurately predicted Bitcoin’s recent moves, and investors are watching closely to see what direction the market will take next.

With liquidity and the dollar index suggesting a major impulse is on its way, it will be interesting to see how the Bitcoin market responds.

Source: Sanbase

Bitcoin investors should keep a close watch on CN10Y/DXY and other indicators of liquidity flow to ensure they stay ahead of the market. With any luck, the strong indications from these charts could lead to major gains in Bitcoin’s price in the near future.

​At press time, Bitcoin is trading at $23,362.09, up 0.86%. As liquidity flows and the dollar index continues to break higher, investors are watching closely to see if a major impulse in the cryptocurrency market will follow.

With CN10Y/DXY showing promise and Bitcoin’s chart following it closely, the market is on alert for a major move. With any luck, the strong indications could lead to substantial gains in Bitcoin’s price in the near future.

Conclusion

Investors should carefully monitor CN10Y/DXY and other liquidity flow markers to stay ahead of the game. If these graphs keep climbing higher, a significant surge in Bitcoin’s worth may be on its way- and with it could come tremendous returns for those who are wise enough to capitalize on them.

Disclaimer: The content of this article is intended to provide a general guide to the subject matter. The content should not be used as a substitute for professional advice. Investing in Bitcoin carries a high degree of risk and may not be suitable for all investors. All readers should independently assess the information provided in this article and, if necessary, seek professional advice.

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