{"id":13156,"date":"2023-02-03T11:17:10","date_gmt":"2023-02-03T11:17:10","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13156"},"modified":"2023-05-18T11:20:17","modified_gmt":"2023-05-18T11:20:17","slug":"bitcoin-the-potential-resistance-in-2023-based-on-the-dxy","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/02\/03\/bitcoin-the-potential-resistance-in-2023-based-on-the-dxy\/","title":{"rendered":"BITCOIN The potential Resistance in 2023 based on the DXY."},"content":{"rendered":"<p>In continuation of our recent BTC-DXY cross comparison studies, we will quickly bring you today a trend-line that may have gone overlooked and can pose a real Resistance to Bitcoin (BTCUSD) in 2023.<\/p>\n<p>As you see, if we exclude the March 2020 COVID crash period which is a non-technical irregularity, there is an underlying trendline on both assets, which on Bitcoin was the Support since late 2016 while on the U.S. Dollar (DXY) was its Resistance. A more controlled rise\/ decline respectively may provide the true Resistance level in 2023.<\/p>\n<p>What are your thoughts?<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSD\/PJ88wvsE-BITCOIN-The-potential-Resistance-in-2023-based-on-the-DXY\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/BTCUSD\/PJ88wvsE-BITCOIN-The-potential-Resistance-in-2023-based-on-the-DXY<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In continuation of our recent BTC-DXY cross comparison studies, we will quickly bring you today a trend-line that may have gone overlooked and can pose a real Resistance to Bitcoin (BTCUSD) in 2023. As you see, if we exclude the March 2020 COVID crash period which is a non-technical irregularity, there is an underlying trendline<\/p>\n","protected":false},"author":611,"featured_media":13158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-13156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13156"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13156\/revisions"}],"predecessor-version":[{"id":13160,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13156\/revisions\/13160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13158"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}