DXY just broke and is holding below the key 97 level! ๐จ๐๐ฅ
As of late January 2026, the US Dollar Index (DXY) is trading around 96.8โ97.0 (recently dipped as low as ~96.15โ96.3 before a slight bounce amid Fed news and market reactions). This is a massive deal โ historically, when DXY sustainably cracks below 97 (and especially under 96), it's been one of the most accurate bullish signals for Bitcoin! ๐๐ฅ
Check the proven pattern:
- 2017: DXY fell below 96 โ BTC exploded from ~$2k to $20k in months! ๐๐
- 2020โ2021: Similar DXY weakness โ BTC rocketed from ~$10k to $69k ATH! ๐๐
- Now in 2026? DXY's down ~10%+ over the past year (one of its worst runs in years), and this breakdown is lining up again with global liquidity shifts, weaker dollar sentiment, and risk-on flows.
Sure, Bitcoin's pulling back hard right now โ dipping to around $82kโ$84k (from recent highs near $89k+) due to heavy liquidations, broader market sell-off, and temporary risk-off vibes. But this often looks like classic accumulation/shakeout before the next big leg up. Analysts are watching this DXY zone closely โ if it holds or breaks lower sustainably, expect BTC to catch fire as inverse correlation kicks in strong.