Bitcoin Timothy Peterson’s economist maintains his optimistic expectations for BTC (BTC), indicating that there is a 75 % opportunity that the original reaches its new levels in the next nine months.
In the publication of March 25, Peterson High The current BTC mode is near its historical minimum. The analyst emphasized that the current path of Bitcoin is in line with the lower 25 % threshold, which gives him the possibility of the majority for a positive transformation.
Bitcoin 10 years seasonal plan. Source: x.com
Peterson said,
“Here is a 50 % chance that it will get 50 %+ in the short term.”
Peterson data tracked a previous study that found that most of the annual bullish performance of Bitcoin occurred in April and October, which amounted to 12.98 % and 21.98 %, respectively, over the past decade.
Bitcoin monthly returns. Source: Coinglass
Related: Bitcoin ‘Macro Bullish’, amid the first retail purchase signal in 8 months
Bitcoin Onchin cost the basis of the region, the main investors of investors
In the recent QuickTake Publishing on Cryptoquant, anonymous analyst Crazzyblockk He said The short -term whale price is $ 91,000, while most of the very active titles mainly carry between 84,000 dollars and $ 85,000.
Bitcoin whale position in the short term. Source: Cryptoquant
Less decline in cost basis can lead to sale, making the range $ 84,000 to $ 85,000 in a critical liquidity area.
The analyst added,
“The basis of the cost of Onchain is the decisions areas where psychology is converting in the market. Traders and investors must closely monitor reactions in these areas to measure the strength of direction and possible repercussions.”
Related: Blackrock launches Bitcoin ETP in Europe
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
Related Articles
