What drives Bitcoin prices?
In this video we show how bitcoin follows the EURUSD price.
We argue that DXY (the dollar index) is composed majoritarily (53%) by EURUSD prices.
Thus, as EURUSD goes up, down goes DXY, and likely everything that is priced in USD goes up as well.
Based on that, we state where and why we expect the bitcoin price to go in the next 2 weeks.
We would gladly expand on that, in case the topic is interesting to the audience.
Best regards.
We argue that DXY (the dollar index) is composed majoritarily (53%) by EURUSD prices.
Thus, as EURUSD goes up, down goes DXY, and likely everything that is priced in USD goes up as well.
Based on that, we state where and why we expect the bitcoin price to go in the next 2 weeks.
We would gladly expand on that, in case the topic is interesting to the audience.
Best regards.
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