Bitcoin: Dollar Weakness Triggers Multi-Month Run

Bitcoin and BTC bull cycles in 2017, 2021 and 2024 all ignited after sharp US dollar index declines, with Trump and Japan now aligned on a weaker dollar ahead of tomorrow's Japanese yields decision.

Historical correlation between US dollar index declines and Bitcoin bull markets shows repeated multi-month rallies once yields ease and the greenback weakens, while impact of Japanese government bond yields on USD strength and crypto markets adds fresh fuel for continuation.

Bitcoin trades at $64694.65 inside a bullish trend with EMA50 support at $64453.3 and EMA200 at $63941.81; the MACD golden cross at -8.43 keeps momentum intact while neutral RSI at 54.56 allows room before the upper Bollinger Band at $65093.99 is tested, pointing to a measured push higher on sustained dollar softness.