If the dollar's headed lower, Bitcoin's headed higher

in #bitcoin2 years ago

Just watch the dollar to find out where bitcoin goes

Those who have followed bitcoin for an extended length of time likely know of a very interesting macro correlation.

That correlation is between bitcoin and the dollar.

So goes the dollar, so goes bitcoin.

Check it out:

image.png

(Source: https://twitter.com/StockmoneyL/status/1632659791385440260/photo/1)

As the dollar dips, bitcoin rips and vice versa.

I suspect the dollar is about to see some weakness in the medium term which will help push bitcoin higher.