Bitcoin Price Surge Predicted To Exceed $100K as U.S. Treasury Buybacks and Weakening Dollar Drive Market Momentum

3 months ago 32

Ayesha Aziz

Mon, Apr 21, 2025, 6:04 PM 2 min read

Bitcoin’s caller surge, concisely surpassing $87,700, follows a weakening U.S. dollar and speculation astir upcoming Treasury buybacks. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, predicted this could beryllium the “last chance” to bargain Bitcoin for little than $100,000, arsenic the U.S. Treasury repurchasing its ain indebtedness whitethorn inject much liquidity into the market. Hayes referred to these buybacks arsenic a “bazooka” for Bitcoin’s price, which could propulsion it good past the $100,000 barrier.

The emergence successful Bitcoin’s terms has besides been supported by macroeconomic conditions, including the weakening U.S. dollar, which reached its lowest constituent since March 2022. As the dollar drops, Bitcoin becomes much charismatic to investors seeking a hedge.

This sentiment is further amplified by a increasing correlation with gold, which has risen astir 30% this year. Ryan Lee, Chief Analyst astatine Bitget Research, emphasized that a “descending wedge breakout” successful Bitcoin’s method illustration supports this bullish narrative.

Global organization involvement successful Bitcoin remains strong. Despite caller volatility, concern firms from Japan and the U.K. person continued to determination superior into the cryptocurrency, signaling ongoing spot successful Bitcoin’s semipermanent potential. As Bitcoin’s terms nears the $90,000 absorption level, analysts similar Jamie Coutts from Real Vision forecast the cryptocurrency could ascent arsenic precocious arsenic $132,000 by year-end, driven by expanding fiat wealth proviso (M2). Coutts’ projection aligns with predictions from economist Timothy Peterson, who suggests Bitcoin could scope $138,000 wrong 3 months, considering akin marketplace patterns successful the past.

As Bitcoin’s terms movements summation momentum, the governmental clime adds different furniture of uncertainty. President Donald Trump’s calls to oust Federal Reserve Chair Jerome Powell person accrued expectations of a imaginable complaint cut, which could further weaken the dollar and payment Bitcoin’s rally. The implications of this governmental pressure, combined with the ongoing macroeconomic factors, could acceptable the signifier for Bitcoin’s continued ascent.

Despite the bullish outlook, immoderate analysts stay cautious. Michaël van de Poppe warned that play terms rallies tin beryllium misleading and that Bitcoin whitethorn acquisition a dip earlier breaking done important absorption levels. The adjacent large hurdle is seen astir $91,000, and until this level is surpassed, short-term terms corrections whitethorn inactive occur.

The convergence of weakening fiat currencies, rising organization support, and Treasury buybacks creates a perchance favorable situation for Bitcoin’s terms to proceed its upward trajectory toward $100,000 and beyond.