Daily Engrbytrade™ short term calculations continue to indicate the U.S. Dollar is under accumulation and is expected to move higher, just as it did in 2022. This will drive the value of various products lower, including Bitcoin. On July 6, 2023, it was noted that international bankers, BlackRock, et al., want to drive asset prices lower in order to buy them for pennies on the Dollar. Bitcoin is currently in the final phase of a long term decline that is expected to be a repeat of the Euro’s decline between 1983 and 1985, before moving significantly higher, as shown in the latest Bitcoin model update.
Stock charts courtesy of StockCharts.com.