BTC primed for rally as dollar tests new weakness levels

The U.S. dollar is showing major weakness right now, the DXY has dropped 6.5 points below its 200-day moving average, the biggest gap in over two decades. At the same time, U.S. debt just hit a new all-time high.

Historically, these conditions have been good for Bitcoin. But so far, BTC hasn’t reacted the way it did in similar setups in 2021 and 2023. Some say strong resistance and sidelined liquidity are holding it back.

Could this be a delayed reaction or has the macro-Bitcoin correlation changed?