Real Vision analyst Jamie Coutts predicts that the price of Bitcoin (BTC) will be affected by the performance of the US dollar against other major currencies. Coutts, who has a following of 16,300 on the social media platform X, states that the US Dollar Index (DXY), which measures the value of the US dollar compared to a basket of six dominant global currencies, is currently trading within a certain range. Should the DXY decline by approximately three percent from its current level, Coutts believes that Bitcoin could experience a rally. He states, “If the DXY falls below 101, it would provide a significant boost to Bitcoin.” At the time of writing, the DXY is trading at 104.52. Coutts suggests that if the DXY were to fall, Bitcoin could potentially surge by around 127%. He explains, “Risk assets thrive on a weak dollar. The DXY plays a crucial role in the Bitcoin cycle as it reflects market expectations regarding liquidity in real-time. And liquidity is on the horizon. Keep an eye on the 101/102 level on the DXY. If it breaks, we could witness Bitcoin reaching approximately $150,000 this cycle.” Coutts previously cautioned that an increase in the US dollar index would lead to Bitcoin reaching levels last seen in February. He stated, “With the money supply expanding once again, if the DXY becomes bullish (i.e., weakens), it would serve as a macro/liquidity signal for BTC, and it would take off. However, the 106/107 level on the DXY is a critical threshold. Should it be breached, we could see a drop to the low $50,000 range.” As of now, Bitcoin is trading at $66,189.