Bitcoin (BTC) may see a “parabolic curve” begin thanks to United States dollar weakness as the greenback falls to three-month lows.

In a tweet on July 11, popular trader Moustache suggested that the time is right for BTC price history to repeat itself.

DXY “most important chart” for Bitcoin this year

Bitcoin’s formerly strong inverse correlation to dollar strength has waned this year, but its latest movements are a talking point among traders.

Data from Cointelegraph Markets Pro and TradingView shows the U.S. Dollar Index (DXY) on the way to testing support at 100 for the first time in months.

Previously above 105, the greenback has faced stiff resistance after 2022s 20-year highs.