Bitcoin Bulls Should Hope Dollar Bucks January Trend

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If previous patterns hold, a bounce back could be due for $DXY in January. But bitcoin's inverse correlation to the dollar means this may be bad news for $BTC. Chart of the Day explains the data, presented by cryptocom:

The Dollar Index fell 7.7% in the fourth quarter but is poised to bounce back this month, as seasonal patterns show that the index has historically risen in January.

 

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