Analyst expects BTC to hit $102K-$123K by June 1

Jamie Coutts, chief crypto analyst at Real Vision, told Cointelegraph that Bitcoin (BTC) is likely to hit a new all-time high sooner than expected, even amid macroeconomic uncertainty in the U.S. The market has underestimated the potential for a BTC bounce. Based on analysis of the U.S. Dollar Index (DXY) and historical patterns, Coutts forecasts BTC will rally to the range from $102,000 to $123,000 by June 1. Signals of liquidity expansion from the People's Bank of China and monetary easing in the U.S. could also boost the price growth of BTC, the analyst added.