JTheretohelp1

$BTC & $USD Relationship

TVC:DXY   U.S. Dollar Index
What the $USD matters. While $BTC can go up with the $USD and down with the $USD, the two tend to react in opposite directions. The chart attached details this inverse relationship. What matters in the intermediate term is will the $USD reject at its key 200MA and overhead resistance, or will it break out. That directional move will be what determines if $BTC has topped, or has one more leg to go. After some detailed analysis, it is my opinion that one leg remains, but it will be the last, and I believe that by the first of 2022 the $USD starts a multi month uptrend.

JT
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