Real Vision’s chief crypto analyst says that it’s hard to be anything but bullish toward Bitcoin (BTC), identifying one catalyst that could send the crypto king flying later this year.
In a new thread, crypto strategist Jamie Coutts tells his 36,000 followers on the social media platform X that a recent move in the US Dollar Index (DXY) has historically predated a rally for the flagship digital asset.
“When looking at this recent move in the DXY through a historical lens, it’s challenging to be anything but bullish. I ran a signal screen for three-day negative moves of more than -2% and -2.5% and found they have all occurred at Bitcoin bear market troughs (inflection points) or mid-cycle bull markets (trend continuations).
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