Commentators are implying that a diminishing US Dollar Index might indicate a growth in Bitcoins worth. Toncoin (TON) Value Forecast for March 26th
Jamie Coutts, head digital currency analyst at Real Vision, mentioned that a considerable decrease in the Dollar Index may create an opportunity for Bitcoin’s worth to ascend.
In a March 7th post on X, Coutts referred to past information displaying that visible declines in the Dollar Index frequently occur together with considerable upward movements in Bitcoin (BTC). He examined past cases where the Dollar Index lessened by over 2% and discovered that Bitcoin, typically, rose 31.6% in the following 90 days, with a 94% likelihood of good yields.
Furthermore, when the Dollar Index declined by more than 2.5%, Bitcoin has traditionally seen profits 100% of the time, averaging a 37% yield. Coutts implies that, based on these blueprints, Bitcoin could reach a new record high before May.
Generally, the Dollar Index is regarded as a reverse indicator for risk assets like Bitcoin because it measures the dollar’s strength against major global currencies. When the dollar weakens, investors frequently turn to alternative stores of value, such as Bitcoin.
The recent decrease in the Dollar Index has happened together with market instability, partly motivated by Trump’s proposed tariffs on Canada and Mexico, and renewed discussions within his administration about establishing a national crypto strategic reserve and clearer rules. Adding to the conjecture, an upcoming digital currency summit is also on the horizon, further amplifying market excitement.
Amidst the recent market disorder, Bitcoin was trading around $87,800 at the time of reporting, down 4% over the last 24 hours. The altcoin situation remains a mixed bag. While some solid projects have displayed signs of recovery, the broader market is still experiencing considerable selling pressure.
Coutts also notes that the 365-day new lows for the top 200 crypto index reaching 47% is frequently a surrender signal that precedes a bullish turnaround. If historical blueprints hold, the weakening dollar and growing institutional confidence could drive both Bitcoin and altcoins into a period of sustained profits.
Commentators repeat that a lower Dollar Index could indeed foreshadow an increase in Bitcoins worth.
Considering the volatile upcoming actions of the central bank, near-term market trends will probably be more influenced by macroeconomic concerns. Therefore, pay close attention to those financial indicators!
