Digital gold is set to reach a ATH sooner than many anticipate, according to Cointelegraph, citing Real Vision’s chief crypto analyst, Jamie Coutts.
“The market likely underestimates how quickly Bitcoin can rise, potentially reaching new all-time highs by the end of the second quarter,” the expert stated.
He noted that his forecast is not contingent on U.S. President Donald Trump’s tariff policies or concerns about a potential recession in the world’s largest economy.
Coutts bases his optimism on the weakening dollar and the People’s Bank of China’s stimulus measures.
“Liquidity remains crucial for investing across all asset classes,” he explained.
The expert referred to his own post on social network X from March 7, where he pointed out that movements in the U.S. dollar index have historically appeared bullish for cryptocurrency. In his view, under a conservative scenario, Bitcoin’s price will reach $102,000 in the next 90 days. With favorable conditions, the price could rise to $146,000, with an average estimate of $123,000.
“I made a bold statement about new highs by May, but tried to base forecasts on reliable data. Certainly, this time could be different,” Coutts acknowledged.
Earlier, BlackRock’s head of digital assets, Robert Mitchnick, described a potential U.S. recession as a “major catalyst” for Bitcoin. In his opinion, the cryptocurrency will benefit “from increased budget spending, deficit accumulation, and lower interest rates”—typical signs of an economic downturn.
On March 26, spot Bitcoin ETFs recorded an inflow of $89 million, marking the 10th consecutive day of net inflows into these products.
CryptoQuant believes that crypto funds are “experiencing a critical turning point.”
“Institutions are reshuffling and de-risking due to macroeconomic uncertainty, which significantly impacts Bitcoin,” the company’s analysts stated.
According to their observations, whales are reducing leverage and investments in crypto derivatives, which historically indicates bearish market trends.
Previously, CryptoQuant’s CEO Ki Young Ju noted the end of Bitcoin’s bull market.