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This United States Dollar Fractal Anticipates Bitcoin Is on the Brink of a Strong Rise
The common narrative shared over recent months is that Bitcoin is adversely affected by increases in the value of the U.S. dollar. Case in point: when the dollar began to spike in February and March, BTC began to tumble lower, as did the S&P 500 and the price of gold. More recently, when Bitcoin topped…
The Dollar Is Poised to Gain Steam– which’s Bad for Bitcoin
While Bitcoin is touted as uncorrelated, the cryptocurrency has been following the inverse of one asset over the past few months: the U.S. dollar. Like gold, BTC’s price action is partially dictated by the value of fiat currencies. Over the past few months, the negative correlation gold and Bitcoin have with the U.S. dollar has…
Bitcoin, Metals, And Equities “Will Fly” If Dollar Downtend Deepens
The dollar’s impact on markets in 2020 cannot be overstated. Its weakness and decline in the face of the pandemic and a dwindling US economy, has allowed assets like Bitcoin, precious metals, and equities to surge. However, the DXY Dollar Currency Index just closed a monthly candle below an over decade-long trend line dating back…
What Does The Dollar’s Do Or Pass away Minute State About Bitcoin?
The dollar has been on a steady decline since the pandemic first struck. Weakness in the global reserve currency has allowed gold, Bitcoin, and other assets to shine. However, either a major rebound is beginning, or the dollar is about to experience another massive drop. The asset is clearly at a ‘do or die’ moment,…
United States Dollar Could See Bearish Turnaround: Is A Bitcoin Numeration Coming?
The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar sentiment fell this low in the past, it often triggered a strong reversal in the currency. Such a reversal, if it…
Tudor Jones’ Most Current Inflation Caution Spells Another Bullish Case for Bitcoin
Veteran hedge fund manager Paul Tudor Jones on Wednesday criticized the Federal Reserve’s quantitative easing policy.He warned that the central bank might lose track of the inflation that would follow its unprecedented bond-buying programs and lower interest rates.Tudor Jones last month announced that he is investing in Bitcoin as a protective measure against inflation.Billionaire hedge…