Real Vision's chief crypto analyst, Jamie Coutts, believes that Bitcoin is poised for a significant rally later this year. Coutts points to the recent decline in the US Dollar Index (DXY) as a catalyst for Bitcoin's potential surge. Historical data shows that previous declines in the DXY have been followed by a rise in Bitcoin's price. In 2013, eight instances of a 2.5% or greater decline in the DXY were all followed by BTC price increases with an average return of 37% in 90 days. Additionally, 17 instances of a decline of less than 2% in the DXY resulted in BTC price climbs with an average return of 31.6% in 90 days. Coutts suggests that current market conditions and the decline in the DXY set the stage for Bitcoin to reach new all-time highs by May.



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