Bitcoin flies when the dollar dies...

in bitcoin •  2 years ago 

Bitcoin could have a nice bounce as the dollar rolls over

The dollar has been super strong for over a year now, and guess what, bitcoin has been super weak over that same time period.

See a trend there?!

If the dollar can roll over, like it looks to be trying to, bitcoin should see a nice bounce.

Check this out:

image.png

(Source:

1583824177903337474/photo/1) twitter metadata:Q3J5cHRvTm9vYl8xfHxodHRwczovL3R3aXR0ZXIuY29tL0NyeXB0b05vb2JfMS9zdGF0dXMvMTU4MzgyNDE3NzkwMzMzNzQ3NC9waG90by8xKXw= ~~~

The dollar looks set to go to the lower end of this pattern in the near future.

Once (if) that happens bitcoin should see some nice positive price action.

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