Bitcoin (BTC) could soar to fresh all-time highs by June 2025 if historical trends play out as expected, according to network economist Timothy Peterson.
In a post on X (formerly Twitter) on March 15, Peterson shared data suggesting that BTC/USD has around two-and-a-half months to surpass its previous peak of $109,000.
April Rally Could Propel BTC by 50%
After reaching its mid-January high, Bitcoin has since retraced by 30%, a correction commonly observed in bull markets. However, Peterson remains optimistic about an imminent rebound.
“Bitcoin is currently near the lower boundary of its typical seasonal range,” he pointed out, referencing a chart that illustrates BTC price cycles.
“Historically, Bitcoin’s strongest gains occur in just two months: April and October. There is a strong possibility that Bitcoin could achieve a new all-time high before June.”
Over the years, Peterson has developed various Bitcoin valuation models, including the “Lowest Price Forward” metric, which has reliably identified price floors below which BTC/USD has never fallen once surpassed.
Following its recovery from the March 2020 crash, this metric correctly projected that BTC would never dip below $10,000 again from September onward.
Now, for 2024, a new support level has emerged—$69,000—boasting a 95% probability of holding firm, as previously reported.
Peterson has also set a median price target of $126,000 with a projected deadline of June 1. A chart showcasing the performance of $100 in BTC over time further highlights that weaker bull market phases are usually short-lived.
“Bitcoin typically spends an average of four months below its trend line,” he noted.
“The red-dotted trend line suggests $126,000 is achievable by June 1.”
Bitcoin’s Correction Is Typical of Bull Cycles
Several well-known market analysts continue to stress that Bitcoin’s recent dip to $76,000 is a routine correction within an ongoing bull cycle.
“You don’t need to revisit past BTC bull runs to see that corrections are a natural part of the cycle,” trader and analyst Rekt Capital stated in an X post earlier this month.
According to Rekt Capital, Bitcoin has already undergone five significant pullbacks in this cycle alone, dating back to early 2023.
Meanwhile, analysts from the crypto exchange Bitfinex told over the weekend that the current market downturn is merely a “shakeout,” rather than the conclusion of the ongoing bullish phase.
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