BTC /M3 Cycle

This chart shows the strength of bitcoin in correlation with money printing and the strength of the dollar itself in the DXY index

I have come to the conclusion that the cycles and most importantly the current cycle of BTC can repeat the situations of 2017 with the help of the increase in the purchasing power of the dollar (DXY) while burning the dollar stock in its digital edition (Tether, BinanceUSD etc.)

More in part two.