# DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
” DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance “ On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months. To recap, the U.S. dollar’s weight…