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Issue 179 – DXY Hits a Confluence of Resistance

March 7, 2022


The DXY (US dollar index) has wreaked havoc on the crypto market in recent months. In fact, since May of last year, it’s put pressure on risk assets, especially Bitcoin.

With the index coming into a massive area of confluence today, it’s time to talk about the potential for a pullback, which would be bullish for Bitcoin.

In today’s issue, I’ll discuss the factors I’m eyeing with regard to the DXY as well as some key technicals for BTC and ETH in the coming days.

Plus, an update on the gold breakout from last week.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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