Alternative perspective, Bull case: BTC established cycle lows in 2015 and 2018 before DXY peaked and in tightening FED environments as pointed out in this chart. Worth noting there is certainly yet a case to be made for the macro lows for BTC being already in at mid 17k. One thing that seems to characterize cycle lows in BTC, is the mass calls for still another 30-50% drop which somehow never materializes.