Experts, Bitcoin $86,114.01He says that the rise potential in the US dollar Index (DXY) may be linked to recent decreases. According to historical data, it is observed that the decreases of 2.5 %or more in DXY triggered an average increase of 37 %within 90 days. Crypto currency strategist Jamie Coutts emphasizes that this trend can point to new peaks when combined with the increase in liquidity. The analyzes argue that Bitcoin can reach record levels by May, while recovery signals in the Altcoin market draw attention.
DXY’s historical effects and Bitcoin relationship
Crypto money market analysts compare the impact of decreases in DXY on Bitcoin with past data. According to the data after Jamie Coutts shared by Jamie Coutts, Bitcoin earns 37 %in 90 days after three -day sharp decreases in DXY. This supports the thesis that the weakening of the dollar can increase the orientation of risky assets in global markets.
Movements in DXY are usually associated with liquidity expansion. Especially at the bottom of the bear market or in the upward trends, the decline of the dollar is interpreted as a positive signal for the crypto currency market. Considering that the last three -day decline came after harsh losses in February, it is estimated that Bitcoin has entered the recovery process.
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Findings for Bitcoin and Altcoins
Analysts say Bitcoin can break new records above $ 87,881 if the decline tendency in DXY continues. Historical data show that the crypto money market has a stable improvement in similar scenarios. Especially in the process until May, the top 200 crypto currencies are expected to gain value.
The Altcoin market is followed with optimistic expectations despite the index performance. The increase in liquidity throughout the market is thought to accelerate price mobility for both Bitcoin and subcoins. However, experts call out to be cautious by drawing attention to the fact that past data covers a limited period of time.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
