Degen

Jamie Coutts, senior crypto analyst at Real Vision, has warned that a stronger US dollar could threaten the rally for Bitcoin and other cryptocurrencies. Despite the long-term bullish structure, Coutts believes that caution is warranted in the short term. He points to the dollar index (DXY) trading near the 106 resistance level, a break of which would not be favorable for riskier assets. In the long term, Coutts sees a strong correlation between Bitcoin and global liquidity, predicting that Bitcoin will grow in the next 12 to 24 months as the M2 money supply increases.