DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance

DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance

Market Analysis
December 4, 2022 by secret
130
[ad_1] On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign currencies, reached 104.40, which was the lowest level seen in five months.  To recap, the U.S. dollar’s weight against the basket of top foreign currencies grew by 19.6% in 2022 until late