US Dollar Index falls below 96, breaking 15-year support

Beincrypto reports the US Dollar Index (DXY) fell below 96, breaking a 15-year support line that had anchored dollar strength since 2011 and registering a four-year low; market data showed the index dropped to 95.5 before settling at a press-time value of 96. Dollar weakness followed a mix of factors cited in the report: speculation over possible Japanese yen intervention, warnings from the IMF — with Managing Director Kristalina Georgieva saying the fund is enhancing its capacity to model "unthinkable events" and is examining "all kinds of scenarios" — and President Donald Trump’s remarks downplaying the dollar’s decline, saying "the dollar's doing great." The comments were followed by the DXY recording its largest one-day fall since the tariff-driven volatility seen in April.

Analysts say the next three days will be crucial; if the monthly candle closes below the 15-year trendline, they expect more dollar weakness. Analysts note the inverse relationship between the US dollar and Bitcoin, and that past DXY drops below 96 in 2017 and 2020 were followed by major Bitcoin rallies.

Technical posts pointed to a developing bullish divergence between Bitcoin’s price and the RSI, with similar setups previously leading to gains of around 10% and suggesting a move toward $95,000.