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Because Bitcoin – Bitcoin Is About To Fly! What You Need to Know for the Next Crypto Bullrun (16.05.2024 Summary)

Because Bitcoin – Bitcoin Is About To Fly! What You Need to Know for the Next Crypto Bullrun (16.05.2024 Summary)

According to Max from BecauseBitcoin (BB), several key factors are lining up perfectly for a massive Bitcoin bull run.

πŸ‡ΊπŸ‡Έ First, Max sees the U.S. Dollar Index (DXY) as “cooked,” suggesting it’s primed to fall towards its range low. Historically, a declining DXY has been a tailwind for Bitcoin, pushing it higher.

πŸ’΅ Additionally, Max highlights the importance of USDD (Tether Dominance), which represents Tether’s share of the crypto market cap. When USDD drops, it means more money is flowing into volatile cryptocurrencies like Bitcoin, signaling bullish sentiment.

🐻 Max believes USDD’s chart is displaying compelling bearish signals, such as breaching a significant resistance level and bearish signals.

🧠 Here’s Max’s key opinion: “I think that USDD is about to roll over aggressively, and I think that that’s going to play a major part in igniting this next leg of the bull market.” He anticipates this USDD drop could fuel a massive Bitcoin rally, potentially targeting levels from the previous bull cycle.


In summary, Max sees the declining DXY and an imminent USDD collapse as the perfect setup for Bitcoin to take off and kickstart the next crypto bull run.