Hello,
Bitcoin is a commodity, even if a digital one, and as all commodities it tends to increase its price when the USD is weakening and it decreases when the USD strenghtens, all else being equal. So le't take a look at the BTC chart in another currency to have the picture clearer.
As we can immeditaly see, the distance from actual prices to after Halving highs is DOUBLED than what shown on the USD Chart. However, even on the EUR Chart, the pattern which is forming right now is bullish. The descending triangle is broken to the upside and the way it is being broken signals that it is not going to be a false brekout.
What do you think? Is the relative strenght shown on BTC due to external variables such as the USD or it is structural?
Bitcoin is a commodity, even if a digital one, and as all commodities it tends to increase its price when the USD is weakening and it decreases when the USD strenghtens, all else being equal. So le't take a look at the BTC chart in another currency to have the picture clearer.
As we can immeditaly see, the distance from actual prices to after Halving highs is DOUBLED than what shown on the USD Chart. However, even on the EUR Chart, the pattern which is forming right now is bullish. The descending triangle is broken to the upside and the way it is being broken signals that it is not going to be a false brekout.
What do you think? Is the relative strenght shown on BTC due to external variables such as the USD or it is structural?
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Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。