Market is underestimating how quickly Bitcoin will hit new ATH: Analyst

A crypto analyst says Bitcoin may reach $123,000 by June in a best-case scenario if it tracks the average return from his DXY backtest.

Bitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst. 

“The market may be underestimating how quickly Bitcoin could surge – potentially hitting new all-time highs before Q2 is out,” Real Vision chief crypto analyst Jamie Coutts told Cointelegraph. 

He said this forecast stands regardless of whether or not there is more clarity on US President Donald Trump’s tariffs and potential recession concerns.

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