{"id":22509,"date":"2025-03-28T13:11:45","date_gmt":"2025-03-28T11:11:45","guid":{"rendered":"https:\/\/forklog.com\/en\/analyst-predicts-bitcoins-path-to-123000\/"},"modified":"2025-03-28T13:11:45","modified_gmt":"2025-03-28T11:11:45","slug":"analyst-predicts-bitcoins-path-to-123000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analyst-predicts-bitcoins-path-to-123000\/","title":{"rendered":"Analyst Predicts Bitcoin’s Path to $123,000"},"content":{"rendered":"

Digital gold is set to reach a ATH<\/span> sooner than many anticipate, according to Cointelegraph<\/a>, citing Real Vision’s chief crypto analyst, Jamie Coutts.<\/p>\n

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“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.<\/p>\n<\/blockquote>\n

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.<\/p>\n

Coutts bases his optimism on the weakening dollar and the People’s Bank of China’s stimulus measures.<\/p>\n

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“Liquidity remains crucial for investing across all asset classes,” he explained.<\/p>\n<\/blockquote>\n

The expert referred to his own post<\/a> 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.<\/p>\n

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“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.<\/p>\n<\/blockquote>\n

Earlier, BlackRock’s head of digital assets, Robert Mitchnick, described<\/a> 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”\u2014typical signs of an economic downturn.<\/p>\n

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

\"SoSoValue-Advanced-AI-Powered-Crypto-Investment-Research-Platform-Google-Chrome-6\"
Data: SoSoValue<\/a>.<\/figcaption><\/figure>\n

CryptoQuant believes<\/a> that crypto funds are “experiencing a critical turning point.”<\/p>\n

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“Institutions are reshuffling and de-risking due to macroeconomic uncertainty, which significantly impacts Bitcoin,” the company’s analysts stated.<\/p>\n<\/blockquote>\n

According to their observations<\/a>, whales are reducing leverage and investments in crypto derivatives, which historically indicates bearish market trends.<\/p>\n

Previously, CryptoQuant’s CEO Ki Young Ju noted<\/a> the end of Bitcoin’s bull market.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":22508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1138],"class_list":["post-22509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"55","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22509"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22508"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}