USD's pain is the WORLD's, and CRYPTO's gain !
If we break below the black multi-year support line, and if we test it's underbelly successfully by bouncing off the white 0.25 level of the Schiff pitchfork, which we seem to have done already, we need to fall below the white 0.25 level and turn it into resistance.
If this happens and if we stay decisively below it, for several weeks, after multiple unsuccessful tries to break through and up.
In that case...
...the coming bitcoin bull-run will leave in the dust pretty much every bull-market we've ever seen in the financial world people will be stunned.
In the very long run, on a ten to thirty year horizon, the world is going to de-dollarize further. This is bad for the value of the dollar, and very good for the Emerging Market's massive volume of dollar-denominated loans, as the dollar will weaken, those loans will be way easier to finance.
If this happens and if we stay decisively below it, for several weeks, after multiple unsuccessful tries to break through and up.
In that case...
...the coming bitcoin bull-run will leave in the dust pretty much every bull-market we've ever seen in the financial world people will be stunned.
In the very long run, on a ten to thirty year horizon, the world is going to de-dollarize further. This is bad for the value of the dollar, and very good for the Emerging Market's massive volume of dollar-denominated loans, as the dollar will weaken, those loans will be way easier to finance.