Hello Everyone,
The Bitcoin in relation to U.S. Dollar does not look optimistic, however... This is not because of Bitcoin's weakness, but U.S. Dollar's strength...
Look at the chart of Bitcoin to Gold (or Gold to Bitcoin on inverted scale):
And if you will see the Gold to U.S. Dollar - everything would be clear! ;-)
Gold for the moment is dropping more than 3,7% !!! (in relation U.S. Dollar)
The Bitcoin in relation to U.S. Dollar does not look optimistic, however... This is not because of Bitcoin's weakness, but U.S. Dollar's strength...
Look at the chart of Bitcoin to Gold (or Gold to Bitcoin on inverted scale):
And if you will see the Gold to U.S. Dollar - everything would be clear! ;-)
Gold for the moment is dropping more than 3,7% !!! (in relation U.S. Dollar)