The link between USD and BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
139 1
An interesting pattern here - when USD goes up, BTC goes down and visa versa.

Despite the recent sharp increases in the value of USD, BTC is simply trading sideways.

Is this a testament to the strong support at current levels and a potential bottom for bitcoin?
Yes this is BTC/USD. That is how currency pairs work.
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