A crypto analyst predicts that Bitcoin will surpass its previous high of $109,000 sooner than anticipated, despite the ongoing volatility in the U.S. macroeconomic landscape.
“The market may be underestimating how quickly Bitcoin could rise, possibly reaching new all-time highs before the end of Q2,” the chief crypto analyst noted.
This prediction remains intact even if there is no further clarity regarding tariffs imposed during Trump’s administration or concerns about a potential recession.
Tariffs Impact on Bitcoin’s Recent Decline
On February 2, Bitcoin (BTC) fell below $100,000, with many traders pointing to Trump’s recent tariffs and uncertainty surrounding U.S. interest rates as contributing factors to the decline.
The analyst’s optimistic rebound forecast is based on improving financial conditions, a weakening dollar, and the People’s Bank of China increasing liquidity since early 2025.
“Financial conditions have significantly improved this month, marked by the U.S. dollar’s third-largest three-day drop since 2015 along with notable decreases in interest rates and Treasury bond volatility,” they explained.
“Liquidity is crucial for investing across all asset classes,” they added.
Bitcoin has dropped 3.16% over the past 30 days.
Currently, Bitcoin is priced at $85,880, reflecting a 3.16% decrease over the last month, according to data.
The analyst previously pointed out in a social media post that, judging by the recent behavior of the U.S. Dollar Index (DXY) from a historical perspective, it’s hard not to remain optimistic about Bitcoin’s prospects.
Based on past DXY performance, they anticipate that by June 1, Bitcoin could range between a worst-case scenario of $102,000 and a best-case of $123,000.
Source: Analysis from recent social media commentary.
The upper target suggests a potential increase of 13% over the previous all-time high of $109,000, reached on January 20.
A digital asset executive recently stated that Bitcoin is likely to perform well even in a recessionary economic environment.
“While I can’t predict a recession, it could serve as a significant catalyst for Bitcoin’s growth,” this executive remarked in a recent interview.
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This comes as Bitcoin experiences its “least bullish conditions” since January 2023, according to recent data.
The Bull Score Index indicates a value of 20, its lowest mark since the beginning of the year, signaling a weak Bitcoin market with limited chances for a substantial rally in the near term.
If this score remains under 40 for an extended duration, it could suggest ongoing bearish conditions, reminiscent of prior downturn phases.
Note: This article does not constitute financial advice or recommendations. Every investment carries risk, and readers are encouraged to conduct their respective research before making decisions.