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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.

eal Vision’s head crypto analyst Jamie Coutts says that the US dollar is on the verge of foiling the rally for Bitcoin (BTC) and digital assets.

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