BitcoinSistemi 2025-05-02 06:04:06

Experienced Economist Claims Bitcoin Could Reach ATH Within 100 Days, Outlines Three Conditions

Cryptocurrency-focused economist Timothy Peterson suggested in his analysis on social media that Bitcoin could reach an all-time high within the next 100 days. Peterson bases his prediction on three key data sets: trend analysis, seasonality, and market volatility. According to Peterson, the upward movement in the Bitcoin price is based on a trend that has been going on for 2 years. Stating that this trend is supported not only by technical analysis but also by fundamental dynamics such as “adoption economics”, the economist said, “If this trend continues, Bitcoin could rise above $ 135,000 in the coming period.” Peterson also drew attention to the seasonal fluctuations frequently observed in investment markets. He noted that Bitcoin has historically performed above average in June and July, similar to the increases in January and the holiday periods. Peterson argued that Bitcoin has performed below average since the beginning of 2025, and stated that the price could rise again thanks to the seasonal effect and the $130,000 level could be seen by August. Related News: ImportantMilestone for Surprise Altcoin: Total Transaction Count Exceeds 10 Billion Peterson, who also made evaluations on the volatility index (VIX), stated that the VIX falling below 18 indicates that “risk appetite” will revive. The economist, who explained that Bitcoin is currently highly correlated with NASDAQ and that the daily tracking error is below 5%, said, “If this correlation continues and VIX falls below 18, Bitcoin can rise to $ 107,000 in 2-3 weeks and above $ 135,000 in 100 days.” *This is not investment advice. Continue Reading: Experienced Economist Claims Bitcoin Could Reach ATH Within 100 Days, Outlines Three Conditions