Stone Cold Steve Austin coming out of retirement after nearly 20 years. Excuse Papi while he buys Wrestlemania tickets.
Speaking of 20 years - the Dollar Index is in a range it rejected from repeatedly in the past 20 years. Could history repeat? $DXY down = $BTC up. Bear in mind this is a 3 month chart, so the rejection isn't necessarily a fast event, if it comes. But given the current geopolitical climate compounded with an unprecedented macroeconomic environment, volatility will be high and the best analysis may get invalidated.
That said, history tends to rhyme and we might see continued strength in the dollar in the near term, but long term I think the narrative is a weakening US dollar, which is shown to be positive for crypto.
Speaking of 20 years - the Dollar Index is in a range it rejected from repeatedly in the past 20 years. Could history repeat? $DXY down = $BTC up. Bear in mind this is a 3 month chart, so the rejection isn't necessarily a fast event, if it comes. But given the current geopolitical climate compounded with an unprecedented macroeconomic environment, volatility will be high and the best analysis may get invalidated.
That said, history tends to rhyme and we might see continued strength in the dollar in the near term, but long term I think the narrative is a weakening US dollar, which is shown to be positive for crypto.