Apakah Indeks Dolar Membuat Tertinggi Baru 2021 Berbahaya Bitcoin?

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Kam, 11 Nov 2021 10:36

Apakah Indeks Dolar Membuat Tertinggi Baru 2021 Berbahaya Bitcoin?

Kegelisahan baru-baru ini di pasar saham dan dunia makro telah menyebabkan dolar melonjak ke level tertinggi baru pada tahun 2021, sama seperti Bitcoin continues to set new records. 

Tetapi apakah kebangkitan greenback merupakan situasi berbahaya bagi cryptocurrency, atau adakah hal lain yang sedang terjadi?

Bitcoin price is in price discovery mode, after breaking its former high set earlier in the year. The cryptocurrency is pitched as a replacement for gold, and even the dollar – the current global reserve currency. 

Cryptocurrencies, commodities, and everything else are priced in dollars as the most dominant currency acting as the base conversion rate. This means that Bitcoin price increases inversely to the dollar on the BTC/USD trading pair. 

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So it is unusual that Bitcoin continues to tap new highs all while the DXY Dollar Currency Index has reached the highest level of all of 2021. 

DXY adalah keranjang tertimbang dari perdagangan mata uang forex terhadap dolar AS (USD). Keranjang itu termasuk mitra dagang utama, Euro (EUR), yen Jepang (JPY), pound sterling Inggris (GBP), dolar Kanada (CAD), franc Swiss (CHF), dan krona Swedia (SEK).

The highs in the DXY could be indicative of weakness in the currencies in the basket, or strength in the dollar itself. Bitcoin’s current performance or lack of strong reaction after new highs, could more so be due to strength in the dollar holding the cryptocurrency back. 

Both assets making yearly highs is highly suspect, and could suggest a bigger reaction brewing in one or both sides of the BTC/USD pair. Bitcoin price also happens to be touching a trend line where such a reaction occurred in the past. 

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An uptrend is defined as a series of higher highs and higher lows – something characteristic of both assets in the short term. What is very different between the two, is the longer term trend. For Bitcoin, the primary trend has been up while for the dollar has been down. 

Setelah pergerakan jangka pendek ini selesai, setiap aset harus melanjutkan lintasan sebelumnya, kecuali tren siap berubah untuk waktu yang lama. 

As bullish as I am on #Bitcoin, I can’t shake seeing this trend line touch. It’s worth some caution. I’ve added a Black Thursday fractal to convey the danger. If this happens, it just means a later and higher peak for the cycle. I still aim for sooner than later tho! pic.twitter.com/fPd7faDZb5

— Tony "The Bull" Spilotro (@tonyspilotroBTC) November 11, 2021

Ikuti @TonySpilotroBTC di Twitter atau bergabunglah dengan TonyTradesBTC Telegram untuk wawasan pasar harian eksklusif dan pendidikan analisis teknis. Harap diperhatikan: Konten bersifat mendidik dan tidak boleh dianggap sebagai saran investasi.

Sumber asli: NewsBTC