Real Vision's chief digital assets analyst, Jamie Coutts, believes that Bitcoin is preparing for a significant breakout after a period of volatility. He suggests that a weakening US dollar and a massive sell-off in the crypto markets could lead to a bullish reversal for Bitcoin by May, potentially resulting in new all-time highs. Coutts highlights the correlation between the strength of the US dollar, as measured by the US Dollar Index (DXY), and Bitcoin's price direction. He also indicates that the recent selloff in altcoins may have created a bottom, potentially leading to explosive rallies and new all-time highs for some altcoins. Coutts shares a chart demonstrating how previous falls in the DXY percentage have been followed by significant rallies in Bitcoin. Currently, the DXY is at 104, and Bitcoin is trading at $88,787, down 1.2% in the last 24 hours.



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