Is a Major Crash Looming for Bitcoin? Here’s Why BTC Could Surpass $110,000.

Market analyst Miya has proposed a compelling argument regarding the potential for Bitcoin’s price to reach $110,000 by year-end. The expert referenced current macroeconomic conditions, suggesting they will ultimately support the leading cryptocurrency.

Predictions for Bitcoin Reaching $110,000

In an assessment titled “The Big Short against Retail,” Miya forecasts a Bitcoin price of $110,000 by the end of the year. Simultaneously, she predicts a drop in the S&P 500 to 4,700. She believes that the stock market is on the brink of a challenging summer, which could lead to a new lower low for the SPX while Bitcoin remains “pristine.”

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Essentially, Miya anticipates Bitcoin will thrive amid any potential declines in the stock market, as investors may see it as a safe haven. She noted that the market is trending towards a difficult macro environment, risking a stock market crash. These insights came after she highlighted the nine consecutive days of gains that stocks have recorded, indicating that such trends may not persist.

The market commentator mentioned that Donald Trump has made three key commitments to the market: lower interest rates, adjustments to tariffs, and tax reductions. She argues that these commitments are likely to be upheld, and the market is integrating these expectations. Traders seem to be anticipating a rate reduction in June, while discussions between the US and China about lowering tariffs are forthcoming. Potential tax reductions could follow effective tariff policies.

Due to this, the stock market has been on a nine-day rise, with retail traders profiting from buying during dips. Nonetheless, Miya cautions that the market’s current strength may be misleading and could soon falter, with Bitcoin potentially benefiting from this projected downturn.

Reasons for an Imminent Stock Market Decline

The expert highlighted that the prevailing belief in continual gains creates a sense of complacency among retail investors, who are currently backing $57 billion in accumulated retail shares. However, she warned that this will eventually come to light with the anticipated “containership recession,” impacting the US in five days. BTC is poised to act as a hedge against this macroeconomic backdrop, leading to a surge in its price.

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Miya further explained that the earnings from the ‘Magnificent 7’ last season have been significantly distorted and lack reliability as indicators of market strength. She added that technology companies focusing on physical products typically operate in cycles, meaning the true effects will reveal themselves in their second-half capital expenditures based on first-quarter results, indicating that the repercussions of tariffs have not yet become evident.

At present, Bitcoin is trading at approximately $96,500, having gained over 2% in the last 24 hours, based on recent data.

Image credits to Pixabay, chart sourced from Tradingview.com.