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RafaelZioni
Jan 7, 2021 7:33 AM

BTC to where? 

Bitcoin / U.S. dollarBitstamp

Description

we can see that there is strong correlation between weak dollar and string EURO and the bull run of btc
at similar time around march 2020 when the market was at dip and the feds start the printing money due to covid . the btc sart to gain power as in the same time the dollar start to collapse. so money that regularly went to gold been diverted to crypto and BTC mainly. probably by the same folks who dump the dollar .
so as long the dollar keep to be weak i expect that BTC will benefit from it . the only issue is what will happen if the dollar will collapse????
that a different story:)
Comments
Docop1
Few step before .. 88, 86.. then 76 could mean quite a shakeout and even a btc at 100k perhaps it might be best to not take profit as the us bill will be in quite danger. Gold look quite fine. Try to rob Fort knox... impossible. Btc : cut the internet or plug a quantum computer. But good view on the band, i never seen a 90deg and i bet it's not going to last long. Speculation
Yuriy_Bishko
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