Bitcoin Price Surge Predicted by Analyst: Dollar Index Weakness Fuels Optimism

Cryptocurrency analyst Jamie Coutts predicts a potential surge in Bitcoin prices as the US Dollar Index (DXY) weakens, according to a recent report from COINTURK NEWS. Coutts’ analysis suggests that historical downturns in the DXY often precede upward trends in Bitcoin prices. 2.5% or more sudden drops in the DXY have historically been associated with positive price movements for Bitcoin. His analysis includes graphical analyses suggesting sharp declines in the DXY could translate into a bullish trend for Bitcoin, particularly in May, according to Coutts’ observations.