According to Jamie Coutts, a crypto analyst who probably keeps his charts closer than I keep my snacks, the US Dollar Index (DXY) is down to its signature trick: falling faster than my willpower when dessert appears. And when the DXY stumbles, Bitcoin apparently gets its moment to shine.
In an interview on the “Less Noise More Signal” YouTube channel (which I’m sure is one of those names meant to shade every other channel out there), Coutts presented a chart that looked more complex than my family tree. It compared Bitcoin moves with significant DXY dips—like, “at least 2.5%, let’s-call-this-serious” dips.
The DXY, for those of you who don’t sleep with economics textbooks under your pillow, is essentially a popularity contest for the US Dollar against a bunch of other currencies. Spoiler: It doesn’t always win. The plot twist? When DXY is down, Bitcoin turns into the life of the party. 🍾
Apparently, in most cases when DXY pulled one of its signature dives—as it did back in late March—Bitcoin used the opportunity to flex. And this wasn’t a one-off fluke; this pattern has recurring characters. It’s basically the “Fast and Furious” franchise of the finance world. Coutts even added yellow icons on his chart—because nothing says “trust me, I’m an expert” like brightly colored doodles!
“So if financial conditions play nice and liquidity keeps flowing like a bad pun from a late-night comic,” Coutts mused in his serious analyst tone, “we might see Bitcoin not just walk but strut its way into May. Maybe even testing those all-time highs like a teenager testing curfews.”
For some perspective and maybe a sprinkle of reality, as of now, Bitcoin is trading at $85,138—still running about 21% below its all-time high. But hey, who needs all-time highs when you can have *hope* and a cozy chart full of yellow icons?
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2025-04-01 21:21