Real Vision analyst Jamie Coutts believes that the performance of the US dollar against other major currencies will have an impact on the price of Bitcoin (BTC). 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 against a basket of six global currencies, is currently trading within a certain range. He suggests that if the DXY falls by approximately three percent from its current level, Bitcoin could experience a rally. Coutts asserts that a break below 101 on the DXY would provide significant momentum for Bitcoin. At the time of writing, the DXY is trading at 104.52. Coutts predicts that if the DXY falls, Bitcoin could surge by approximately 127%. He emphasizes that risk assets favor a weak dollar and that the DXY plays a crucial role in the Bitcoin cycle by reflecting market expectations on liquidity in real-time. Coutts advises keeping an eye on the 101/102 level on the DXY, as a break below that range could result in Bitcoin reaching a price of around $150,000 in this particular cycle. In a previous statement, Coutts warned that if the DXY experiences an upward move, Bitcoin could drop to levels last seen in February. He highlights that with the expansion of the money supply, a bullish DXY could serve as a macro/liquidity signal for Bitcoin, propelling it to higher levels. However, Coutts cautions that the 106/107 level on the DXY is a critical threshold, and if broken, it could lead to a fall in Bitcoin’s price to the low $50,000 range. At the time of writing, Bitcoin is trading at $66,189.