This US Dollar Fractal Predicts Bitcoin Is on the Verge of a Strong Surge

Bitcoin has somewhat flatlined as the U.S. Dollar Index (DXY) has undergone a strong 1-2% bounce. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase Bitcoin Rally Could Soon Come Despite U.S. Dollar Bounce While the U.S. dollar is moving higher, an analyst thinks that Bitcoin may be on the verge of a strong move higher.

Chart of the U.S. dollar's price action and Bitcoin's price action over the past three years with analysis by crypto trader CryptoAmsterdam (@damskotrades on Twitter). Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt, dxy, usd Charts from TradingView.com.

Timeline of Bitcoin, Rally