Potential massive head & shoulders on the USD >> Bullish for BTC

US DOLLAR CURRENCY INDEX (INDEX:DXY)

INDEX:DXY US DOLLAR CURRENCY INDEX

trendanalysis dxy btc btcusd

Since Bitcoin has proven to be inversely correlated with the US Dollar, Q4 could be bullish for Bitcoin indeed if the USD shows the expected weakness with the potential formation of a massive H&S on the daily coupled with the bearish news as of late.

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