March 28, 2025
Bullish Outlook
Bitcoin dropped below $100,000 on February 2nd, partly due to Trump’s tariffs and U.S. interest rate uncertainty.
Source: X (@Jamie1Coutts)
However, Coutts remains optimistic, citing easing financial conditions, a weaker U.S. dollar, and increased liquidity from China. He pointed out that the dollar’s recent sharp decline supports a bullish outlook for Bitcoin.
Low Bull Score Index
Coutts expects Bitcoin to reach between $102,000 and $123,000 by June 1st, with the upper range representing a 13% gain over its previous high.
Despite this, CryptoQuant’s Bull Score Index is at a low of 20, signaling weak market conditions and a low chance of a strong rally. If this persists, it could indicate continued bearish trends.
