Analysis Shows Potential Recovery to $123,000 by June 2025
The post Analysis Shows Potential Recovery to $123,000 by June 2025 appeared on BitcoinEthereumNews.com.
TLDR Bitcoin currently trading around $85,880, down 3.16% over the past month Analyst Jamie Coutts predicts BTC could reach $123,000 by June in best-case scenario Polymarket data suggests BTC could hit $138,617 by the end of 2025 $16.5 billion in Bitcoin options expire on March 28, potentially affecting short-term price Despite recent volatility due to tariff concerns, Bitcoin has gained nearly 10% since dipping below $80,000 Bitcoin (BTC) is showing signs of recovery after months of uncertainty tied to U.S. trade tariffs and macroeconomic factors. Currently trading at around $85,880, down 3.16% over the past month, the cryptocurrency has bounced back nearly 10% since dipping below $80,000 earlier in March. Real Vision chief crypto analyst Jamie Coutts believes Bitcoin will reach new all-time highs sooner than expected. “The market may be underestimating how quickly Bitcoin could surge – potentially hitting new all-time highs before Q2 is out,” Coutts told Cointelegraph. Coutts based his prediction on easing financial conditions, a weakening US dollar, and increased liquidity from the People’s Bank of China since early 2025. Based on historical US Dollar Index (DXY) performance, he forecasts a range from a worst-case price of $102,000 to a best-case scenario of $123,000 by June 1. When looking at this recent move in the DXY through a historical lens, its challenging to be anything but bullish. I ran a signal screen for 3-day negative moves of more than -2% & -2.5% and found they have all occurred at Bitcoin bear market troughs (inflection points) or… pic.twitter.com/Lc6izl5U2A — Jamie Coutts CMT (@Jamie1Coutts) March 6, 2025 This would represent a 13% gain over Bitcoin’s current all-time high of $109,000, which it reached on January 20. Coutts noted that “financial conditions have eased dramatically this month, highlighted by the US dollar’s third-largest three-day decline since 2015 and drops…
Filed under: News - @ March 28, 2025 1:27 pm