Analyst: Signal Demonstrates Flawless Track Record in Forecasting Bitcoin Bull Market Parabola
Renowned analyst CryptoCon has introduced a groundbreaking indicator called the “Bitcoin DXY correlation coefficient” that measures the correlation between Bitcoin and the U.S. Dollar Index (DXY). This indicator has shown remarkable accuracy in predicting Bitcoin’s price movements and signaling the beginning of bull market parabolas. The correlation coefficient goes through three distinct phases during a market cycle, represented by different colors. CryptoCon highlights the significance of these findings and discusses the influence of the U.S. dollar on Bitcoin’s parabola. The analyst speculates on the potential future trajectory of Bitcoin based on comparisons to the 2013 cycle.
parofix.com
Renowned analyst CryptoCon has introduced a groundbreaking indicator called the “Bitcoin DXY correlation coefficient” that measures the correlation between Bitcoin and the U.S. Dollar Index (DXY). This indicator has shown remarkable accuracy in predicting Bitcoin’s price movements and signaling the beginning of bull market parabolas. The correlation coefficient goes through three distinct phases during a market cycle, represented by different colors. CryptoCon highlights the significance of these findings and discusses the influence of the U.S. dollar on Bitcoin’s parabola. The analyst speculates on the potential future trajectory of Bitcoin based on comparisons to the 2013 cycle.
parofix.com
