According to the Real Vision Crypto Crypto analyst, Jamie Coutts, weakening the American dollar may be stubborn for Bitcoins, but two indicators may be a cause for concern in a low period.

“While my framework becomes stubbornly stubborn dollars, two indicators still arouse alarms: the variability of tax bonds (movement indicator) and the spread of corporate bonds” he said Coutts in the post on March 9 on X.

The analyst brought Bitcoin as a “chicken game” with central banks, presenting a “carefully stubborn” perspective, despite those regarding these indicators.

The American dollar index (DXY) fell to the four -month lowest level 103.85 on March 10 According to on the market. DXY is an indicator of green value in relation to the basket of other currencies.

Coutts explained that American treasures act as global security and increased forces of treasure variability, protective hairstyles, sharpening liquidity.

The movement indicator, which is a measure of the expected variability on the US tax bond market, is currently stable, but climbing, he noticed.

“With a rapid decrease in the dollar in March, it can be expected that the variability is compressed, and if not that the dollar reversed”, which is bear, he said.

Increased volatility of the treasury can lead to stronger liquidity conditions that can potentially force central banks to intervene in a way that can ultimately benefit Bitcoin.

Meanwhile, corporate bond spots consistently expand within three weeks, and the sedate reversal of the spades of corporate bonds historically coincided with the prices of bitcoin prices, said Coutts.

Coutts came to the conclusion that these indicators generally paint a negative Bitcoin image. “Despite this, dollar depreciation – one of the largest in 12 years this month – remains the main driver in my framework,” he added.

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Where on March 6, bold research he said that the decreasing DXY “can be the main wind for risk assets”, such as wrestling and crypto.

Coutts also identified other stubborn factors, including a global race for Bitcoin strategic reserves or accumulation by mining, Michael Saylor’s strategy, adding another 100,000 to 200,000 coins to your BTC treasury this year, potential doubling of ETF position and increased liquidity.

“Think about Bitcoins as a game with a high rate with central planners. Because their options decrease – and assuming that Hodlers remain unchanged – the chances are more and more in favor of the owner of Bitcoin. “

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