The post Bitcoin May Approach $123,000 by June Amid Easing Financial Conditions, Analyst Suggests appeared on BitcoinEthereumNews.com.

Bitcoin’s potential surge towards $123,000 is drawing attention as analysts weigh macroeconomic influences on the leading cryptocurrency. Amidst recent fluctuations driven by geopolitical events, Bitcoin continues to captivate investors with predictions of renewed highs. “The market may be underestimating how quickly Bitcoin could surge,” remarked Jamie Coutts, chief crypto analyst at Real Vision, during a recent interview. This article explores Bitcoin’s potential for a rally towards $123,000 amid macroeconomic shifts and analyst insights as of April 2023. Macroeconomic Factors Influencing Bitcoin’s Trajectory In the face of ongoing volatility, Bitcoin (BTC) appears poised for a potential resurgence. Currently priced at $85,880, Bitcoin has witnessed a recent downturn attributed to US macroeconomic pressures, including new tariffs imposed under the Trump administration. According to analysts, these factors are pivotal in shaping market predictions. Jamie Coutts emphasizes that the current easing financial conditions, coupled with the performance of the US Dollar Index (DXY), could foster a bullish momentum for Bitcoin. Impact of US Tariffs and Financial Conditions On February 2, Bitcoin fell below the $100,000 mark, reflecting investor sentiments that link its decline to the uncertainty surrounding Trump’s tariffs and policy-related anxieties. Despite this, Coutts’ analysis suggests that easing financial conditions—which include a significant drop in the US dollar value and fluctuating Treasury bond rates—may signal a shift in Bitcoin’s trajectory. As financial conditions have eased dramatically this month, Coutts positions Bitcoin as a resilient asset class that could recover swiftly, particularly following the DXY’s recent movements seen through a historical lens. The Role of Liquidity in Bitcoin’s Price Forecast Liquidity remains a crucial element in assessing Bitcoin’s price dynamics. As Coutts points out, the People’s Bank of China has significantly increased liquidity since early 2025, further shaping global financial conditions. This liquidity expansion is critical, as it underlines the hypothesis that increased capital…

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Filed under: News - @ March 28, 2025 6:20 am