Bitcoin gets $126K June target as data predicts bull market comeback 📈
Bitcoin is projected to potentially hit a new all-time high of $126K by June according to economist Timothy Peterson. This prediction is based on Bitcoin's historical patterns, despite a recent 30% price dip.
Peterson identifies periods in April and October as traditional zones of price increases. His analysis suggests current low levels are typical bull market corrections.
Utilizing his price metric "Lowest Price Forward," Peterson indicates a likely floor of $69,000, which should hold considering a 95% probability.
Market commentators like Rekt Capital affirm this downturn is standard in cyclical Bitcoin behavior, consisting of major pullbacks since the year's start.
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