[Analysis] "Bitcoin Momentum Solid... Risks Include 'Strong Dollar and Geopolitical Tensions'"

An analysis has emerged suggesting that the macroeconomic environment is favorable for the potential rise in Bitcoin (BTC) prices.

Ryan Lee, Chief Analyst at Bitget, stated to Bloomingbit on the 23rd that "Bitcoin surpassing its new all-time high of $110,000 is a result of increased demand from institutional investors and expanded regulatory clarity." He added, "In particular, the continuous surge in demand for Bitcoin spot ETFs and the post-halving supply shortage are tightening the market, driving up prices."

He also mentioned the possibility of further price increases. Analyst Lee analyzed, "The macroeconomic environment is also favorable for Bitcoin," noting that "expectations of interest rate cuts and ongoing inflation make Bitcoin more attractive as a hedge." He continued, "Many investors see $113,000 as a realistic short-term target for Bitcoin prices by June this year."

He also emphasized risk factors. Analyst Lee stated, "In Bitcoin's history, sharp rises have often been accompanied by sharp declines," and warned that "a strong US dollar or new geopolitical tensions could easily break the upward momentum." He added, "Regulatory changes, such as the progress of the Genius Act (Stablecoin Act), will be key factors in determining investor confidence going forward."