China is going to loosen monetary policy. Combined with Trump's tariff war, the RMB exchange rate is on the edge of a cliff, but this is positive for Bitcoin.

For the first time in 14 years, the People's Bank of China is easing monetary policy: Next year it will be "moderately loose," timely reducing reserve requirements and interest rates to stabilize the economy

https://chainalert.me/view/headline/cf811e