mattaroo on Nostr: The white line shows assets on the balance sheet of China’s central bank, while the ...

The white line shows assets on the balance sheet of China’s central bank, while the blue line tracks Bitcoin’s price. The correlation is almost perfect. When China prints, which they began again in August, Bitcoin price goes up and we have been seeing higher highs and higher lows since August forward. Another consistent pattern throughout this bull market is that Bitcoin makes it's moves up when China is awake and often those rallies reverse when the USA markets are open. That will change as soon as the USA begins its serious move towards quantitative easing. That's right around the corner. The move to 100K BTC will be quick.