Based on intermarket futures trading data calculations, bitcoin’s current value has moved below Futures Traders expectations relative to the U.S. Dollar. A similar situation occurred when the U.S. Dollar moved higher between January 2018 and December 2018. A long term accumulation period for Bitcoin started in December 2018 and continued until May 2020. Bitcoin is starting another accumulation period, as observed during the last week of October 2021, and is expected to continue moving higher over the long term.
Intermarket structural analysis research