BTC log chart with DXY inverted overlay

2022年3月7日

Comparing the correlation between BTC and the Dollar Index (which trades opposite of BTC) so I took a bars pattern and inverted it on top of the BTC Logarithmic chart. Its very coincidental that Russia invaded Ukraine again right here at this price point. Major break up on the DXY so the dollar will gain value and the BTC should go down into it's bear market and hit bottom in November 2022. the carts line up at 7,500 which is hard to believe but that's what the chart reads on the corresponding trend lines.
BTC on the log chart has a very weak support at 25k so I anticipate a break down to 20k (bounce off the top of the 2017 bull cycle) then retest off that 25k new broken support new resistance and drop quickly.
Another interesting thing is that ISO 20022 will launching in Nov 2022.

1 step at a time. next stop 25k