Bitcoin May Surpass $109,000 by June, Says Analyst

Bitcoin is poised to surpass its previous all-time high of $109,000 more swiftly than many market participants anticipate, according to a prominent crypto analyst. Jamie Coutts, the chief crypto analyst at Real Vision, expressed this optimistic outlook, suggesting that Bitcoin could achieve new all-time highs before the end of the second quarter of this year. This prediction remains robust despite the recent volatility in US macroeconomic conditions and the uncertainty surrounding President Donald Trump’s tariffs and potential recession concerns.

Coutts' bullish stance is underpinned by several key factors, including easing financial conditions, a weakening US dollar, and increased liquidity from the People’s Bank of China since early 2025. He noted that financial conditions have improved significantly this month, marked by the US dollar's substantial decline and reduced volatility in Treasury bonds. Coutts emphasized that liquidity is a critical factor in investing across all asset classes, and the current environment bodes well for Bitcoin's price trajectory.

According to Coutts, the recent movements in the US Dollar Index (DXY) suggest a bullish outlook for Bitcoin. By June 1, he forecasts that Bitcoin's price could range from a worst-case scenario of $102,000 to a best-case scenario of $123,000. This upper target represents a 13% gain over its current all-time high, which was reached on January 20. Coutts' analysis is based on historical DXY performance, which he believes makes it difficult to be anything but bullish about Bitcoin's prospects.

Coutts' prediction aligns with the views of other industry experts. Robbie Mitchnick, the head of digital assets at BlackRock, recently stated that Bitcoin is likely to thrive in a recessionary macro environment. Mitchnick's comments underscore the growing acceptance of Bitcoin as a safe-haven asset during times of economic uncertainty. Despite the current market conditions, which some analysts describe as the "least bullish" since January 2023, the underlying fundamentals support a bullish outlook for Bitcoin.

The market's underestimation of Bitcoin's potential is evident in the significant short liquidations that have occurred recently. Traders who had bet against Bitcoin's rise were caught off guard by its rapid ascent, resulting in substantial losses. This phenomenon highlights the market's tendency to underestimate the potential of disruptive technologies and assets, such as Bitcoin. The rapid rise of Bitcoin, driven by increased institutional interest and growing acceptance as a legitimate asset class, has caught many traders off guard, leading to substantial short liquidations.

In conclusion, the market may be underestimating the speed at which Bitcoin will reach new all-time highs. The analyst's forecast is supported by a combination of historical data, current market conditions, and the rapid appreciation of Bitcoin's price. As the market continues to evolve, it will be interesting to see how Bitcoin's performance aligns with the analyst's prediction. The current environment, characterized by macroeconomic uncertainty and geopolitical tensions, has created an environment conducive to such rapid price movements.