Bitcoin's nemesis, the Dollar Index, is on the verge of a major breakout (opens original article in a new tab)

A strengthening dollar index is putting pressure on bitcoin as it approaches a potential breakout, with historical data showing inverse correlation between the two assets.

• Bitcoin is under pressure as the Dollar Index approaches a major breakout
• The Dollar Index has gained 0.26% to 100.66, extending a 0.8% rise from Wednesday
• Bitcoin's 90-day correlation with the Dollar Index is -0.82, indicating inverse movement
• A breakout above 100.60 could trigger further gains for the U.S. dollar