OrriginalCrypto on Nostr: While we see the US $ loose Value, it is a false increase in price to see #Bitcoin ...

While we see the US $ loose Value, it is a false increase in price to see #Bitcoin increase in valule against the $.
THE sensible alternative, in my view, is to use the BTC / GOLD pair.
This is directly available on Bitfinex or asa BTC PAXG on exchnages such as Binance.
AND, as you can see in the chart below, BTC has seen a 273.6% increase in value against GOLD since Jan 2023.
since March this year, we have seen a small retrace that has led us to the upper trend line of that channel created. We saw the Lower trend line tested as support in early August this year.
We shuold watch this as I am expecting a bounce.
If we do not see that, the Lower trend limne may get revisted.
If we stay on upper trend line, the apex is 2nd Week October.
PA will react before that point, it always does.
But it is worth noting that the Bullish trend signals recieved are running low now., However, GOLD itself isd getting exhausted.
This could be very good. I doubt it will be very bad