Bitcoin’s technicals may not be pretty but global macro factors favor the king of cryptocurrencies. That’s according to trader and game liquidity theorist Majin. The analyst believes that the global U.S dollar squeeze will be highly favorable for Bitcoin, he said here: https://www.ccn.com/global-u-s-dollar-shortage-benefit-bitcoin/
Also few realize there is a massive $12.8 trillion offshore dollar debt that lies outside of the Fed's control. Because U.S. dollars are printed out of thin air there is a huge global appetite for them. The coming crisis may force investors to sell stocks to become liquid. This may spell good news for Bitcoin as an alternative for liquidity. Of course, price volatility is another matter.
https://www.ccn.com/u-s-dollar-shortage-to-weaken-economic-activity/