Despite briefly pulling back, analysts at leading crypto research firm Matrixport are forecasting even higher gains in the coming months—potentially culminating in a new all-time high (ATH) by July.

Macro Tailwinds and Political Influence

Matrixport’s latest outlook is fueled by a confluence of favorable factors. Analysts point to a clear shift in trend as near-term bearish risks ease and upside momentum gains strength.

One significant factor: U.S. President Donald Trump’s pro-investment stance, which analysts believe is shaping market sentiment. “Additional positive developments, such as extensions of Trump-era tax cuts and potential deregulation efforts, could further boost economic optimism,” Matrixport stated.

Institutional Demand and Supply Pressure

Another catalyst is the increasing institutional interest in Bitcoin. As more companies add BTC to their balance sheets, supply could tighten, creating a price-squeezing effect that fuels further upside.

Additionally, Matrixport highlighted the upcoming FTX creditor payouts, which are expected to begin around May 30, 2025, for accounts exceeding $50,000. This influx of capital could re-enter the market, providing another bullish jolt.

Looking Ahead

Matrixport analysts remain confident in BTC’s strength, forecasting continued bullish momentum through July, with the possibility of a record-breaking high during that period.

“Bitcoin’s trend is now clearly tilted to the upside. With macro and micro catalysts aligning, the path toward a new ATH looks increasingly likely,” the report concluded.

The post Matrixport Predicts New Bitcoin All-Time High by July – Here is Why appeared first on Coindoo.

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Filed under: Bitcoin - @ May 16, 2025 2:24 pm