Bitcoin Traders Watch DXY Near 97 as Repeated Breaks Below 96 Preceded Major Rallies

On January 27, 2026, analysts highlighted that the U.S. Dollar Index (DXY) hovering close to 97 is approaching a zone that has previously aligned with strong Bitcoin (BTC) advances. Historical moves where DXY slid below 96 have coincided with Bitcoin surging from about $2,000 to $20,000 in 2017 and from roughly $10,000 to $64,000 in 2020–2021. With BTC now around $87,852.43 and showing mixed short-term performance, traders are closely monitoring whether another dollar breakdown could again reshape Bitcoin's macro backdrop.