Context: The Dollar Index (DXY) is on the verge of a major breakout, which could have significant implications for Bitcoin (BTC) and other dollar-denominated assets. The DXY has gained 0.26% to 100.66, extending its 0.8% rise from Wednesday, and is now poised to break out of a 13-month-long trading range. A strengthening dollar typically weighs on assets like Bitcoin, which has historically tended to move in the opposite direction to the dollar.