TLDR
- Bitcoin is currently trading around $87,000, down from its all-time high of $109,000
- Analyst Jamie Coutts predicts BTC could reach $123,000 by June in a best-case scenario
- Polymarket data suggests Bitcoin may hit $138,000 by the end of 2025
- Market resilience continues despite recent US trade tariff concerns
- Bitcoin maintains key support levels above $76,000, with technical indicators showing positive signs
Market Sentiment Shifts Toward Optimism
Bitcoin has been trading steadily around $87,000 after falling below $100,000 on February 2. This represents a 3.16% decrease over the past month. The cryptocurrency hit its all-time high of $109,000 on January 20, 2025.
Many market participants blamed the downturn on newly imposed tariffs by US President Donald Trump. Uncertainty over US interest rates also played a role in the recent price action.
Despite these concerns, Bitcoin has shown remarkable resilience. It has gained nearly 10% since dipping below $80,000 earlier this month. This recovery has reignited interest among investors about when Bitcoin might reclaim the $100,000 mark.
Analyst Predictions Point to New Highs
Real Vision chief crypto analyst Jamie Coutts believes Bitcoin will break past its all-time high sooner than expected.
“The market may be underestimating how quickly Bitcoin could surge – potentially hitting new all-time highs before Q2 is out,” Coutts told Cointelegraph.
Coutts based his prediction on easing financial conditions and a weakening US dollar. The increased liquidity from the People’s Bank of China since early 2025 also supports his outlook.
When looking at this recent move in the DXY through a historical lens, its challenging to be anything but bullish. I ran a signal screen for 3-day negative moves of more than -2% & -2.5% and found they have all occurred at Bitcoin bear market troughs (inflection points) or… pic.twitter.com/Lc6izl5U2A
— Jamie Coutts CMT (@Jamie1Coutts) March 6, 2025
His analysis of the US Dollar Index (DXY) suggests Bitcoin could reach between $102,000 and $123,000 by June 1. The upper target would represent a 13% gain over its current all-time high.
Polymarket, a leading prediction platform, offers an even more optimistic view. Their data suggests Bitcoin could hit $138,000 by the end of 2025—a 60% jump from current prices.
Technical Analysis Supports Bullish Case
Bitcoin is currently testing a critical resistance zone near $88,000. This level aligns with its 50-day moving average. A breakout above this level could pave the way for a retest of its all-time high.
Technical analysis indicates a bullish breakout has occurred above the descending trendline drawn along the lower highs since January 2025. Although not yet strongly confirmed, this could encourage more buyers to enter the market.
The cryptocurrency’s historical support levels remain intact. These include $73,800 (the 2023 high) and $69,000 (the 2021 peak). A forecasting tool cited by Cointelegraph gave a 95% chance of $69,000 holding as a floor.
For the bullish momentum to continue, analysts emphasize that Bitcoin must maintain support above $76,000. This yearly average is described as “extremely important” by traders like Aksel Kibar.
$BTCUSD Extremely important for the price not to breach the year-long average. pic.twitter.com/xBRS77lERF
— Aksel Kibar, CMT (@TechCharts) March 26, 2025
In the near term, Bitcoin is expected to oscillate between $85,000 and $90,000. A breakout above $88,000 could potentially spark a rally toward $100,000 by mid-2025.
Several factors could drive Bitcoin to new heights in 2025. Market recovery from recent uncertainties tops the list. The stabilization of tariffs and improving regulatory clarity may also accelerate institutional inflows via Bitcoin ETFs.
Historical patterns support the bullish case. Bitcoin’s post-halving cycles often see major gains in the following year, which could support a $100K+ scenario.
However, risks remain that could delay Bitcoin’s push to $100,000. A downturn in broader markets or a Bitcoin correction below $76,000 could impact the timeline. Ongoing US tariff debates or global economic slowdowns might also cap gains.
Competition from altcoins like Ethereum could divert capital if Bitcoin stalls. Ethereum is currently trading at $2,090, up 3.8%.
Despite these potential hurdles, most analysts remain optimistic about Bitcoin’s prospects. Multiple price targets from major firms support the case for Bitcoin exceeding $100,000 in 2025.
The average of these predictions places Bitcoin comfortably in six-figure territory by the end of 2025. Even conservative estimates suggest significant upside from current levels.
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