Bitcoin Price – Bitcoin’s 2025 Outlook: Is $123,000 the Next Target for BTC?
Bitcoin price could break past its $109,000 all-time high sooner than many anticipate, despite recent volatile US macroeconomic conditions, according to Jamie Coutts, Chief Crypto Analyst at Real Vision. Coutts told Cointelegraph that the market may be underestimating how quickly Bitcoin could surge, potentially hitting new all-time highs before the second quarter of 2025.
Trump’s Tariffs and Bitcoin’s Recent Decline
Bitcoin’s price fell below $100,000 on February 2, with many attributing the downturn to the impact of US President Donald Trump’s tariffs and concerns over rising interest rates. At the time of writing, Bitcoin is trading at $85,880, showing a 3.16% decline over the past month, according to CoinMarketCap.
Positive Factors for Bitcoin’s Future Price
Coutts’ optimistic prediction is based on the recent easing of financial conditions, a weakening US dollar, and increased liquidity from the People’s Bank of China since early 2025. He highlighted that the US dollar saw its third-largest three-day decline since 2015 this month, alongside significant drops in interest rates and Treasury bond volatility.
Bitcoin’s Outlook for June 2025
Coutts also referred to his March 7 X post, where he noted that recent moves in the US Dollar Index (DXY) made it difficult to be anything but bullish about Bitcoin. His 90-day forecast for Bitcoin by June 1, 2025, suggests a worst-case price of $102,000 and a best-case scenario of $123,000—a 13% gain above Bitcoin’s current all-time high.
BlackRock’s View on Bitcoin During Recessions
Robbie Mitchnick, BlackRock’s Head of Digital Assets, stated that Bitcoin could thrive in a recessionary environment. He mentioned that while a recession might be uncertain, it would likely act as a major catalyst for Bitcoin‘s growth.
Despite these optimistic forecasts, CryptoQuant’s Bull Score Index remains at its lowest level since January 2023, signaling weak market conditions and low chances for a strong rally soon.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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