Bitcoin will ruin $ 109,000 all time earlier than expected despite recently volatile US macroeconomic conditions, according to a crypto analyst.
“The market can be underestimating how fast the bitcoin-potential hit of new all-time highs before Q2 came out,” real vision Crypto analyst Jamie Coutts told cointelegraph.
He said this forecast was standing even if there was or clarified the targets of President Donald Trump’s President and the potential concerns of the retreat.
Trump’s tariffs are blamed on the recent downtrend of Bitcoin
Bitcoin (Btc) fell below $ 100,000 in Feb. 2, with many market participants blaming the falling in Trump’s newly imposed tariffs and uncertainty at US interest rates.
Coutts are based on her rosy rebound prediction in avoiding financial conditions, a weak US dollar and the People’s Bank of China has been pouring out liquidity since early 2025.
“Financial conditions have increased dramatically this month, highlighted by the third largest three-day US dollar decline since 2015 and significant drops at rates and volatility of Treasury’s bond,” he said.
“Watering remains the center of investment in all classes of ownership,” he added.
Bitcoin has dropped 3.16% in the past 30 days. Source: CoinMarketCap
At the time of publication, Bitcoin traded at $ 85,880, down 3.16% last month, as per CoinMarketCap data.
Coutts specified In his post on March 7 X, in which he said that based on the US dollar index (DXY) recently moved through a “historical lens,” it is very difficult to be “anything but bullish” about Bitcoin.
Based on DXY’s historic performance, Coutts said that on June 1, the 90-day Bitcoin forecasts came from a worst case of $ 102,000 to a best $ 123,000 case.
Source: Jamie Coutts
Upper target represents a 13% gain over it Current All-Time High $ 109,000reached it on January 20.
Blackrock’s Head of Digital Assets, Robbie MitchnickIt is recently said that Bitcoin is likely to develop in a MacRO’s revocation environment.
“I don’t know if we’ll be going backwards or not, but a backwardness will be a big catalyst for Bitcoin,” Mitchnick Says In an interview on March 19 at Yahoo Finance.
Related: The $ 16.5B in Bitcoin options will expire on Friday – does BTC price sink above $ 90k?
It has come at the same time that Bitcoin has continued to experience “at least bullish conditions” since January 2023, according to the cryptoquant.
The cryptoquant’s bull score index is at 20, the lowest since January 2023, which signed a weak bitcoin market with a low chance of a strong rally soon.
Based on historical performance, if the mark remains below 40 for an extended period, it can signal ongoing bearish market conditions, similar to previous stages of the bear market.
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