Dollar

Vision

Bitcoin

when

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-set-to-surge-analyst-says" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Set to Surge, Analyst Says</a><br></p>
<p style="text-align: justify">Real Vision analyst Jamie Coutts has forecasted a significant increase in <a href="https://en.bitcoinhaber.net/bitcoin-will-surpass-gold-in-value" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s (BTC) value. Coutts attributes this potential surge to an acceleration in global liquidity momentum, which historically creates a favorable environment for Bitcoin’s price to rise.</p>
<h2 id="what-could-trigger-a-new-bitcoin-rally">What Could Trigger a New Bitcoin Rally?</h2>
<p style="text-align: justify">Coutts points out that this surge in global liquidity is happening alongside the introduction of exchange-traded funds (ETFs) and the clearing out of over-leveraged positions in the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a>. He believes these factors could signal a major upward movement in Bitcoin’s price, similar to past trends.</p>
<p style="text-align: justify">Historically, Bitcoin has seen significant price increases a few months after global money supply bottoms out. Coutts adds that these rises are often followed by a mid-term correction.</p>
<h2 id="how-will-the-us-dollar-influence-bitcoin">How Will the US Dollar Influence Bitcoin?</h2>
<p style="text-align: justify">The strength or weakness of the US dollar is another key factor influencing Bitcoin’s price. The US Dollar Index (DXY), which measures the value of the dollar against other major currencies, has a direct impact on Bitcoin’s performance.</p>
<p style="text-align: justify">Coutts notes that Bitcoin tends to rise fastest during periods when the US dollar weakens. Currently, the DXY stands at 102.55, down approximately 4% from its peak in April 2024. The analyst sees this dollar weakness, coordinated by the Federal Reserve, as a sign of increased global liquidity, which could fuel a Bitcoin rally.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<p style="text-align: justify">Investors can draw several concrete and valuable inferences from this analysis:</p>
<ul style="text-align: justify">
 <li>Monitor global liquidity trends as a precursor to potential Bitcoin price movements.</li>
 <li>Keep an eye on ETF launches and market leverage positions for signs of upcoming rallies.</li>
 <li>Track the US Dollar Index (DXY) to gauge Bitcoin’s price direction.</li>
 <li>Consider the Federal Reserve’s actions and their impact on global liquidity.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">Jamie Coutts’ analysis suggests that Bitcoin is on the verge of a significant price increase driven by global liquidity trends and a weakening US dollar. Investors should stay informed about these key indicators to make strategic decisions in the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-set-to-surge-analyst-says" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Set to Surge, Analyst Says</a></h5>

Bitcoin Price Set to Surge, Analyst Says

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