Bitcoin Poised for $132,000 Surge Amid U.S. Dollar Weakness, Analysts Predict

COINOTAG News reported on April 21 that Real Vision’s Chief Cryptocurrency Analyst Jamie Coutts articulated the impact of expanding money supply on Bitcoin’s potential trajectory. He posited that this escalation might propel Bitcoin’s value to an impressive $132,000 or more by year-end. The cryptocurrency made headlines recently as it eclipsed $87,700, marking its ascent above this threshold for the first time in nearly three weeks following U.S. President Trump’s announcement of reciprocal tariffs on April 2.

Adding to this narrative, André Dragosch, Bitwise’s European Research Director, emphasized that Bitcoin’s recent gains could be attributed to the pronounced weakness of the U.S. dollar. This sentiment is further reflected in the U.S. Dollar Index, which recently plummeted to its lowest levels since March 2022. In this evolving market landscape, Ryan Lee, Chief Analyst at Bitget Research, noted that the dollar’s declining strength may bolster Bitcoin’s appeal as a robust safe-haven asset, highlighting its growing role in diversified financial strategies.