Bitcoin is projected to surpass its all-time high of $109,000 sooner than anticipated, despite the ongoing volatility in the US macroeconomic landscape, according to Jamie Coutts, Chief Crypto Analyst at Real Vision. He noted that the market may be underestimating the speed at which Bitcoin could rebound, potentially reaching new highs before the end of the second quarter. This prediction holds regardless of uncertainties surrounding US tariffs imposed by President Donald Trump or concerns over a looming recession.

Bitcoin is projected to exceed its all-time high of $109,000 sooner than expected, despite the current volatility in the US macroeconomic environment, according to Jamie Coutts, Chief Crypto Analyst at Real Vision. He believes the market may be underestimating how quickly Bitcoin could rebound, potentially reaching new highs before the end of the second quarter, regardless of uncertainty surrounding tariffs imposed by President Donald Trump or concerns about a recession. ### Impact of Trump's Tariffs on Bitcoin's Downtrend Bitcoin (BTC) fell below $100,000 on February 2, a decline many analysts attribute to Trump's recent tariffs and existing uncertainty surrounding US interest rates. Coutts's bullish outlook is underpinned by several factors, including easing financial conditions, a weakening US dollar, and increased liquidity from the People's Bank of China since early 2025. He noted, "Financial conditions have eased dramatically, evidenced by the US dollar’s significant decline and drops in rates and Treasury bond volatility," adding that liquidity is crucial for investing across all asset classes. As of the latest updates, Bitcoin is trading at $85,880, reflecting a 3.16% decrease over the past month. Coutts mentioned that recent trends in the US Dollar Index (DXY) make it difficult to maintain a bearish outlook on Bitcoin. By June 1, he forecasts Bitcoin could range from a worst-case scenario of $102,000 to a best-case of $123,000, the latter representing a 13% increase from its previous all-time high. Robbie Mitchnick, the head of digital assets at BlackRock, has also commented that Bitcoin is likely to flourish in a recessionary environment and that whether a recession occurs or not, it would act as a significant catalyst for Bitcoin. Currently, Bitcoin is navigating through what CryptoQuant refers to as its "least bullish conditions" since January 2023, with the Bull Score Index at a low of 20, signaling potential market weakness. Historical data suggests that if this index remains below 40 for an extended period, it could lead to continued bearish conditions. This situation raises the stakes as the market awaits developments that could impact Bitcoin's price trajectory. *This article does not provide investment advice or recommendations. All investments involve risk, and readers are encouraged to conduct their own research before making financial decisions.*