BTC vs USD. 5th round TKO?

BTC is showing signs of reverting back to its inverse correlation with the US dollar. While most are watching equities or ETF flows, not many are tracking BTC’s relationship to the Inverse DXY and that’s where I think the signal is right now. The dollar is struggling to reclaim the key 100 level which has historically acted as a macro pivot. If that rejection holds, it likely clears the way for BTC to continue higher. The BTC/Gold ratio also remains technically bullish, reinforcing a constructive bias on BTC heading into Q4. Read on for why I’m staying bullish into year-end.

1. BTC and DXY, A Changed Relationship

Historically, BTC traded opposite the U.S. dollar. When DXY went up, BTC usually went down and that inverse relationship held for most of 2023 and 2024.

But starting in March 2025, that pattern changed. BTC began moving with inverse DXY inste