When Bitcoin commenced a rally last Wednesday 6 Nov, chasing its highest high, the US Dollar was right beside it every step of the way up.
Take a look at the Dollar chart which contains 3 charts.
1. USD chart which is now looking very strong with plenty of upward momentum striking potential
2. 2nd chart is Bitcoin which is not stop for anything much at the present, its launching so many smaller Coins and Bits over their 200 day moving averages, making the Bitcoin Brigade ready to move upwards in price and reclaim their early 2024 (in many instances) highest price.
3. Gold price is the 3rd chart. I said on Friday I thought that a deep correction in Gold could be imminent as all the 'shine' has turned to Cryptocurrency, but I guess a deep correction in the Gold-price is improbable because Gold is in its own bull-run on count of the lowering of US Interest-rates, but this rallying USD now at 105 is going to weigh on Gold.
How much more will the USD rally with Bitcoin?
* I acknowledge pejman_zwin - Protrader 365 (telegram), also on tradingview, for an article he wrote recently about decreasing coins and tokens and its effects on the USD.
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