This Catalyst Will Set Off ‘Another Leg Higher’ for Bitcoin and Altcoins, Says Real Vision’s Chief Crypto Analyst Jamie Coutts

The chief crypto analyst at crypto media platform Real Vision, Jamie Coutts, says Bitcoin (BTC) and altcoins possess more upside potential.

Coutts tells his 45,700 followers on X that a looser monetary policy could set the conditions necessary for a Bitcoin and altcoins rally, and a bear market thereafter.

“Central banks, if (when) they reverse their balance sheet tightening, will set off another leg higher — with the move likely accentuated in altcoins. With that will likely come the conditions for a peak and potentially the setup for a deeper fall than what I would expect, worst case approximately 50%. We aren’t anywhere near that yet.”

According to Coutts, it is unlikely that the crypto market has reached a cycle top yet despite the recent pullback.

“Liquidity’s still supportive, but momentum refuses to deliver fireworks, frustrating everyone chasing a parabola. Looking ahead, global liquidity is lagging debt growth—cycle peak? Not likely.”

On what the lack of “fireworks” could portend for the market, Coutts says,

“Bitcoin’s so-called ‘boring’ climb actually echoes the slow crawl in global liquidity this cycle. Ironically, a dull cycle could mean a shallow bear drawdown, but also a longer grind down.”

Over the long term, Coutts says two factors support the bullish case for Bitcoin.

“Still, two secular trends are bulletproof: blockchain adoption and monetary debasement. And for these reasons, it’s best to zoom out and remember Bitcoin is fast becoming global collateral, it’s an AI-beneficiary technology, the driver of energy grid stabilization/modernization and the anchor asset for global portfolios.”

Bitcoin is trading at $113,128 at time of writing.

Generated Image: Midjourney