Despite facing recent market challenges, analysts remain optimistic about Bitcoin's future, predicting significant price increases as economic conditions shift.

Coutts' analysis highlights a historical trend where a decline of over 2.5% in the U.S. dollar index (DXY) has led to Bitcoin rising 100% of the time within the following 90 days, with an average return of 37%.

The anticipated devaluation of the U.S. dollar, combined with liquidity support from the Chinese People's Bank, is expected to create a favorable environment for Bitcoin's price growth in the upcoming months.

As global financial institutions increasingly recognize Bitcoin's value, its integration into traditional economic frameworks is contributing to its growth.

Should buyer momentum strengthen, Bitcoin has the potential to reclaim the $109,000 mark and could rise to a projected $123,000, representing a 13% increase.

Currently, Bitcoin is trading at $85,183, reflecting a 2% decrease in the last 24 hours and is positioned below both moving averages, indicating a bearish trend.

Experts, including chief crypto analyst Jamie Coutts from Real Vision, forecast that Bitcoin could reach $123,000 by June 2025, surpassing its previous all-time high of $109,000.

The potential for an economic recession enhances Bitcoin's appeal, as investors often seek alternative assets during downturns, with many noting Bitcoin's resilience in uncertain economic climates.