Bitcoin Price To Hit $110K, Expert Reveals Reason Behind BTC Rally

Jamie Coutts, chief crypto analyst at Actual Imaginative and prescient, predicted that the Bitcoin worth may attain $110,000. He revealed what is going to drive the BTC rally to this worth goal and mentioned what has triggered the market rebound to this point. The flagship crypto is once more concentrating on the $70,000 worth stage, which may pave the way in which for a brand new all-time excessive (ATH).

Bitcoin Worth To Hit $110,000

Coutts predicted in an X publish that the Bitcoin worth may rise to as excessive as $110,000 as the worldwide cash provide continues to succeed in new highs. The analyst famous that the rising demand for the flagship crypto and its capped provide implies that its worth is certain to “rise when extra models of fiat enter the system.”

The accompanying chart he shared confirmed that the BTC worth will attain this $110,000 worth goal as the worldwide cash provide hits $500 trillion. The chart additionally confirmed that the crypto would attain this goal between April 2025 and July 2025. This aligns with CoinGape’s Bitcoin (BTC) price prediction for that interval.

Jamie Coutts famous that the correlation between the Bitcoin worth and international cash provide reveals that monitoring the liquidity cycle is essential. He remarked that understanding these cycles supplies insights into when new capital will doubtless enter the market and push costs larger.

In step with this, the analyst claimed that the worldwide cash provide’s surge to a brand new ATH of $107 trillion is 80% the explanation for the latest Bitcoin worth rally. He added that as extra fiat cash floods into the financial system, a number of the capital will movement into “anti-debasement” property like Bitcoin.

The surge in international cash movement may additionally clarify why BTC’s open curiosity lately reached a brand new all-time excessive (ATH) of $20 billion. That is bullish for the crypto because it makes an attempt to surpass its present ATH of $73,000.

Crypto analyst Crypto Rover additionally lately shared CryptoQuant knowledge, which confirmed that the BTC reserves on exchanges had hit a six-year low. That is vital because it reveals there’s at the moment an enormous demand for the flagship crypto. Crypto Rover advised market contributors that they need to prepare for an unlimited provide shock.

There Is The Donald Trump Issue

The rise within the odds of Donald Trump profitable the US elections can be believed to have contributed to the latest Bitcoin worth rally. The most recent Polymarket data reveals that Trump’s odds of profitable the elections are at 60.3%. As such, the market is already pricing into him being the following US President, as his win is bullish for BTC.

Trump has already declared his assist for cryptocurrencies like Bitcoin, which is why he seems to be to be essentially the most most well-liked amongst crypto voters. As a part of the assist for the previous US President, Professional-Bitcoin PAC Bitcoin Voters lately unveiled their Donald Trump campaign ad.

In the meantime, crypto analysis agency Matrixport has said that their $70,000 year-end Bitcoin worth goal is probably going too “conservative” with Trump prone to win the elections. They famous how the previous President’s insurance policies in his earlier administration favored BTC and predicted that one thing related would occur once more.

The crypto analysis agency additionally predicted extra returns for the BTC worth within the coming weeks, with Trunp’s odds of profitable rising quickly. In line with buying and selling agency QCP Capital, BTC is on the correct path to hitting a new ATH. Nonetheless, historic patterns within the final two US presidential election cycles recommend {that a} new ATH gained’t come till January subsequent yr.