{"id":125984,"date":"2025-03-28T06:16:55","date_gmt":"2025-03-28T06:16:55","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125984"},"modified":"2025-03-28T06:16:55","modified_gmt":"2025-03-28T06:16:55","slug":"market-is-underestimating-how-quickly-bitcoin-will-hit-new-ath-analyst","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125984","title":{"rendered":"Market is underestimating how quickly Bitcoin will hit new ATH: Analyst"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst.\u00a0<br \/>\n\u201cThe market may be underestimating how quickly Bitcoin could surge \u2013 potentially hitting new all-time highs before Q2 is out,\u201d Real Vision chief crypto analyst Jamie Coutts told Cointelegraph.\u00a0<br \/>\nHe said this forecast stands regardless of whether or not there is more clarity on US President Donald Trump\u2019s tariffs and potential recession concerns.<br \/>\nTrump\u2019s tariffs blamed for Bitcoin\u2019s recent downtrend<br \/>\nBitcoin (BTC) fell below $100,000 on Feb. 2, with many market participants blaming the downturn on Trump\u2019s newly imposed tariffs and uncertainty over US interest rates.\u00a0<br \/>\nCoutts based his rosy rebound prediction on easing financial conditions, a weakening US dollar and the People\u2019s Bank of China ramping up liquidity since early 2025.<br \/>\n\u201cFinancial conditions have eased dramatically this month, highlighted by the US dollar\u2019s third-largest three-day decline since 2015 and significant drops in rates and Treasury bond volatility,\u201d he said.<br \/>\n\u201cLiquidity remains central to investing in all asset classes,\u201d he added.<br \/>\nBitcoin is down 3.16% over the past 30 days. Source: CoinMarketCapAt the time of publication, Bitcoin is trading at $85,880, down 3.16% over the past month, as per CoinMarketCap data.<br \/>\nCoutts referred to his March 7 X post, where he said that based on the US Dollar Index (DXY) recent moves through a \u201chistorical lens,\u201d it makes it hard to be \u201canything but bullish\u201d about Bitcoin.<br \/>\nBased on historical DXY performance, Coutts said that by June 1, Bitcoin&#8217;s 90-day forecast ranges from a worst-case price of $102,000 to a best-case scenario of $123,000.\u00a0<br \/>\nSource: Jamie CouttsThe upper target would represent a 13% gain over its current all-time high of $109,000, which it reached on Jan. 20.<br \/>\nBlackRock\u2019s head of digital assets, Robbie Mitchnick, recently said that Bitcoin will most likely thrive in a recessionary macro environment.<br \/>\n\u201cI don\u2019t know if we\u2019ll have a recession or not, but a recession would be a big catalyst for Bitcoin,\u201d Mitchnick said in a March 19 interview with Yahoo Finance.<br \/>\nRelated: $16.5B in Bitcoin options expire on Friday \u2014 Will BTC price soar above $90K?<br \/>\nIt comes at the same time that Bitcoin continues to experience its \u201cleast bullish conditions\u201d since January 2023, according to CryptoQuant.<br \/>\nCryptoQuant\u2019s Bull Score Index is at 20, its lowest since January 2023, signaling a weak Bitcoin market with low chances of a strong rally soon.\u00a0<br \/>\nBased on historical performance, if the score remains below 40 for an extended period, it could signal continued bearish market conditions, similar to previous bear market phases.<br \/>\nMagazine: Arbitrum co-founder skeptical of move to based and native rollups: Steven Goldfeder<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/market-underestimates-bitcoin-returning-uptrend-all-time-highs-crypto-analyst?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst.\u00a0 \u201cThe market may be underestimating how&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125984"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125984"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125984\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125984"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}