US dollar hits 4-month low as Bitcoin trader predicts 10% drop to come

Bitcoin (BTC) may enjoy a familiar tailwind in the coming weeks and even beyond if new macro forces continue to play out.

In a post on X (formerly Twitter) on Dec. 14, popular trader Crypto Ed, founder of trading group CryptoTA, eyed multi-month lows in U.S. dollar strength.

Bitcoin trader targets sub-100 DXY dive

Bitcoin and dollar strength have in the past exhibited inverse correlation. While this has decreased in recent times, changes to U.S. macro policy are now broadly seen to boost Bitcoin but pressure the greenback going forward.

As Cointelegraph reported, the week’s macro data prints, combined with encouraging signals from the Federal Reserve, have analysts pointing the way to…

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