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Will Bitcoin hit $126,000 in June? Data models rekindle expectations of a bull market return
{:en}As Bitcoin prices gradually stabilize after the shock at the beginning of the year, market analysts are reassessing their short-term potential. Timothy Peterson, an online economist, recently released a forecast that if the historical cycle repeats itself, Bitcoin prices are expected to break through the all-time high before June, with a target of $126,000. This view is based on the "Lowest Price Forward" model he developed, which accurately predicted that Bitcoin prices would not fall below $10,000 after March 2020. Current data suggests that $69,000 may become a solid support level for the new cycle, with a holding probability of up to 95%. In an analysis published on March 15, Peterson pointed out that Bitcoin prices are currently at the…
Will Bitcoin hit $126,000 in June? Data models rekindle expectations of a bull market return
{:en}As Bitcoin prices gradually stabilize after the shock at the beginning of the year, market analysts are reassessing their short-term potential. Timothy Peterson, an online economist, recently released a forecast that if the historical cycle repeats itself, Bitcoin prices are expected to break through the all-time high before June, with a target of $126,000. This view is based on the "Lowest Price Forward" model he developed, which accurately predicted that Bitcoin prices would not fall below $10,000 after March 2020. Current data suggests that $69,000 may become a solid support level for the new cycle, with a holding probability of up to 95%. In an analysis published on March 15, Peterson pointed out that Bitcoin prices are currently at the…
{:en}As Bitcoin prices gradually stabilize after the shock at the beginning of the year, market analysts are reassessing their short-term potential. Timothy Peterson, an online economist, recently released a forecast that if the historical cycle repeats itself, Bitcoin prices are expected to break through the all-time high before June, with a target of $126,000. This view is based on the "Lowest Price Forward" model he developed, which accurately predicted that Bitcoin prices would not fall below $10,000 after March 2020. Current data suggests that $69,000 may become a solid support level for the new cycle, with a holding probability of up to 95%. In an analysis published on March 15, Peterson pointed out that Bitcoin prices are currently at the…
Will Bitcoin hit $126,000 in June? Data models rekindle expectations of a bull market return
{:en}As Bitcoin prices gradually stabilize after the shock at the beginning of the year, market analysts are reassessing their short-term potential. Timothy Peterson, an online economist, recently released a forecast that if the historical cycle repeats itself, Bitcoin prices are expected to break through the all-time high before June, with a target of $126,000. This view is based on the "Lowest Price Forward" model he developed, which accurately predicted that Bitcoin prices would not fall below $10,000 after March 2020. Current data suggests that $69,000 may become a solid support level for the new cycle, with a holding probability of up to 95%. In an analysis published on March 15, Peterson pointed out that Bitcoin prices are currently at the…
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