Optimistic outlook: Bitcoin could reach a new all -time high within the next nine months, forecast economist Timothy Peterson

Optimistic outlook: Bitcoin could reach a new all -time high within the next nine months, forecast economist Timothy Peterson

Bitcoin: Optimistic forecasts and seasonal strengthening

The Bitcoin economist Timothy Peterson is optimistic about the future development of the best-known crypto. According to his analysis, Bitcoin has a high probability of achieving a new all -time high in the next nine months.

forecast

Peterson estimates the likelihood that Bitcoin is targeting a new all -time high, to 75 %. This assessment is based on various factors, which are often considered crucial in the crypto world.

seasonal strength

An important aspect that underpins the positive view are the seasonal course patterns. Historical data show that Bitcoin recorded significant price growth in April and October with an increase of 12.98 % in April and 21.98 % in October. These trends suggest a possible positive market movement in the coming months.

on-chain data

Another supportive factor for the optimistic forecast is the current on-chain data. In particular, the cost basis of active addresses, which is between $ 84,000 and $ 85,000, is crucial. This price range could be a turning point in market psychology and thus create the conditions for a new all -time high.

With these analyzes and indicators in the back of the head, Bitcoin could head for an exciting period in which investors should remain aware.