$150,000 Bitcoin Incoming: Jamie Coutts Predicts BTC Rally Triggered by Weakening Dollar
Crypto analyst Jamie Coutts has identified a key indicator that has historically signaled Bitcoin rallies in the second and third quarters of the year. Coutts suggests that monitoring the dollar index (DXY), which measures the strength of the US dollar against other major currencies, is crucial for understanding Bitcoin’s price movements.
The DXY typically moves inversely to risk assets, rising during sell-offs and falling as risk assets rally. Coutts asserts that Bitcoin’s summer rallies have consistently been sparked by a weakening dollar index. He states that a stronger dollar, which eventually peaks and declines, tends to send BTC soaring.
Currently, the DXY is range-bound, with Coutts predicting that a break below the 101 level could trigger a massive Bitcoin rally. If this occurs, Coutts believes that BTC could surge to $150,000, based on previous DXY patterns.
As of now, Bitcoin is trading at $67,759. The crypto market eagerly awaits confirmation of Coutts’ prediction, as traders keep a close eye on the DXY for signs of a weakening dollar and an imminent BTC rally.
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