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US dollar index falls signals BTC Price Surge

US dollar index falls signals BTC Price Surge

The sharp drop in the American dollar index could set the stage for Bitcoin price rally, according to Jamie Coutts, the main crypto analyst at the right vision.

At 7. Posts in X, Cottts cotted historical evidence indicating a significant drop in DKIs often frequently match high growing in Bitcoin (Btc). He led the backrest in cases where the DXI fell more than 2% and discovered that Bitcoin had an average gain of 31.6% and 94% of the winning speed in the next 90 days.

In addition, Bitcoin set up 100% of the time, average 37% return, when the DXI fell more than 2.5 percent. Cottts believes Bitcoin will reach new all the time to May based on these trends.

DXI is often considered an inverse signal for risky assets such as bitcoin because it measures US dollar value against the main currencies. Investors often turn alternative values, such as Bitcoin, when the dollar weakens.

A recent DXI drop matches a market turbulence, which encouraged Trump tariffs In Canada and Mexico, together with the renewed authority of its administration for the National Strategic Strategic reserve and clearer regulations. At the same time, the upcoming crypto summit intensified speculation in the industry.

After recent market turbulence, Bitcoin is trading About $ 87,800, in the last 24 hours in the last 24 hours at the time of the press. But Altcoin trajected remains mixed. Although there has been some recovery in solid projects, the market as a whole continues to suffer from large sale.

According to Cottts, a 365-day new sudden in the top 200 CRIPTO index reached 47%, the capitulation signal is usually seen before Bullish. If the historical trends keep, the decline dollar and growing institutional self-confidence can be driven by Bitcoin and Altcoyine in the period of sustainable gains.

Given the uncertainty about the following actions of the Federal Reserve, macroeconomic issues may have an even greater impact on the market in the short term.



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2025-03-07 06:24:00

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