YUAN - USD, Correlation with Bitcoin
A part from 2019 when monetary conditions were actually similar to today (FED first cut), the chinese Yuan and USD chart has been a good indicator for BTC/Crypto price action.
Pray that this time things are going in the right direction, with the USD losing purchasing power, China printing, and Crypto moving towards its final leg up.
I am still bullish for Q4, the latest Q1 next year.
Pray that this time things are going in the right direction, with the USD losing purchasing power, China printing, and Crypto moving towards its final leg up.
I am still bullish for Q4, the latest Q1 next year.
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