Analyst Predicts Bitcoins Rapid Ascent to $123,000 Amid Market Signals

Digital gold is expected to surpass its all-time high (ATH) faster than many anticipate. This is reported by Cointelegraph, citing Jamie Coutts, the head crypto analyst at Real Vision.

«The market is likely underestimating how quickly Bitcoin could rise, potentially hitting new all-time highs by the end of the second quarter,» the expert stated.

He mentioned that his predictions are not influenced by the tariff policies of U.S. President Donald Trump or worries about a potential recession in the world’s largest economy.

Coutts justified his optimism by pointing to the weakening dollar and stimulus measures from the People’s Bank of China.

«Liquidity remains crucial for investment across all asset classes,» he explained.

The analyst referenced his own post on social media from March 7, where he indicated that movements in the U.S. dollar index have historically been bullish for cryptocurrency. In his conservative scenario, he predicts Bitcoin will reach $102,000 in the next 90 days. In an optimistic scenario, 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 I’ve tried to base my predictions on reliable data. Of course, this time could be different,» Coutts acknowledged.

Earlier, Robert Mitchnik, head of digital assets at BlackRock, referred to a potential recession in the U.S. as a «major catalyst» for Bitcoin. He believes the cryptocurrency will benefit from «increased government spending, growing deficits, and lower interest rates»—typical signs of an economic downturn.

On March 26, Bitcoin spot ETFs recorded an inflow of $89 million, marking the 10th consecutive day of net inflows into these products.

According to CryptoQuant, crypto funds are «experiencing a critical turning point.»

«Institutional investors are making adjustments and reducing risks due to macroeconomic uncertainty, which is having a significant impact on Bitcoin,» the company’s analysts reported.

Their observations indicate that whales are decreasing leverage levels and investments in crypto derivatives, which historically suggests bearish trends in the market.

It is worth noting that Ki Young Ju, the head of CryptoQuant, has announced the end of the Bitcoin bull market.