Crypto analyst says that Bitcoin is likely to surpass its all-time record of $109,000 sooner than anticipated, despite the recent volatility in US macroeconomics.
“The market may be underestimating how quickly Bitcoin could surge – potentially hitting new all-time highs before Q2 is out,” Jamie Coutts, chief crypto analyst at Real Vision and Cointelegraph.
The forecast was made regardless of any further clarity about US President Donald Trumps’ tariffs, or the potential for a recession.
Bitcoins recent decline blamed on Trump’s tariffs
BitcoinBTCThe price of a, which many participants blamed on the market’s decline. Trump’s newly imposed tariffs Uncertainty about US interest rates
Coutts’ optimistic forecast was based on the easing of financial conditions and a falling US dollar, as well as increased liquidity by China’s People’s Bank since 2025.
“Financial conditions have eased dramatically this month, highlighted by the US dollar’s third-largest three-day decline since 2015 and significant drops in rates and Treasury bond volatility,” He said.
“Liquidity remains central to investing in all asset classes,” He also added.
Bitcoin’s price has fallen by 3.16 percent over the last thirty days. Source: CoinMarketCap
Bitcoin’s price is $85,880 as of the date of publication. It has fallen 3.16% since the beginning the month. per CoinMarketCap data.
Coutts referred In his post of March 7, he stated that recent movements in the US Dollar Index DXY based on a “historical lens,” It is hard to be “anything but bullish” Bitcoin:
Coutts, based on the historical DXY performances, said that Bitcoin’s forecast for 90 days ranged from a worst case scenario of $102,000 up to a maximum of $123,000.
Source: Jamie Coutts
This would be a gain of 13% over the previous target. current all-time high of $109,000It reached this level on January 20.
BlackRock’s head of digital assets, Robbie MitchnickBitcoin is likely to thrive in an environment of macroeconomic recession, according to a recent statement by.
“I don’t know if we’ll have a recession or not, but a recession would be a big catalyst for Bitcoin,” Mitchnick said In an interview conducted with Yahoo Finance on 19 March.
Related: $16.5B in Bitcoin options expire on Friday — Will BTC price soar above $90K?
Bitcoin has continued to grow in value. “least bullish conditions” CryptoQuant says that since January 2023.
CryptoQuant’s Bull Score Index has fallen to 20, the lowest level since January 2023. This indicates a weak Bitcoin with little chance of an immediate rally.
According to historical performances, if the scores remain below 40 for a long period, then it may indicate continued bearish conditions in the markets, comparable to past bear market phases.
Magazine: Arbitrum co-founder skeptical of move to based and native rollups: Steven Goldfeder
The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
