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Analysts from the consulting firm Tiger Research have indicated that by the end of the second quarter, the price of Bitcoin could reach $143,000 and continue to rise thereafter.
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The global money supply (M2) has reached a record high of $134.4 trillion, and Bitcoin exchange-traded funds are experiencing a steady influx of capital, according to investment advisors.
They noted that short-term market signals continue to exert pressure on the price of the leading cryptocurrency. For instance, the sharp increase in oil prices due to the conflict with Iran, the rise in inflation in the U.S. to 3.3%, and the slowing decline in interest rates by the American Federal Reserve (Fed) are contributing factors.
Despite these factors, Tiger Research believes that the expansion of global liquidity will outpace inflationary pressures and will support the leading cryptocurrency in the medium term, as well as the entire crypto market. Given these expectations, analysts anticipate the continuation of Bitcoin’s long-term upward trend, viewing the current market situation as a phase of gradual accumulation of the asset by private investors.
Tiger Research is optimistic that Bitcoin’s future dynamics will largely be influenced by the balance between liquidity inflow and economic risks, including inflation and political tensions. In any case, analysts are convinced that under the base scenario, the market retains growth potential.
Previously, the founder of the consulting firm MN Trading, Michael van de Poppe, stated that Bitcoin could reach a new all-time price high by the end of the year.
