Bitcoin Network Economist Timothy Peterson suggests that assets will reach new highs over the next nine months, maintaining an optimistic outlook for BTC (BTC).
In the X POST on March 25, PETERSON emphasized the current location of BTC near the lower limit of historical range. The analyst emphasized that Bitcoin’s current path consists of a 25% critical price, giving most of the probability of positive rally.
Bitcoin 10 -year season chart. Source: x.com
Peterson said.
“In the short term, the probability of 50% or more is 50%.”
Peterson’s statements have been initial studies in the past 10 years, with Bitcoin’s annual optimistic achievements in April and October, with an average of 12.98% and 21.98%, respectively.
Bitcoin monthly return. Source: COINGLASS
Related: Bitcoin Flips ‘Macro Rullish’ in the first hash ribbon purchase signal within 8 months
Bitcoin OnChain cost standards major investors level
In the recent Quicktake Post on Cryptoquant, anonymous analyst CRAZZYBLOCKK said that the short -term whale’s realization price is $ 91,000 and the highest activity address has the cost of $ 84,000 to $ 85,000.
Bitcoin short -term whale location. Source: cryptoquant
Deep less than cost -based can be sold and can be made of $ 84,000 to $ 85,000.
Added by the analyst
“These onchain cost standards represent the decision area where market psychology changes. The traders and investors should closely monitor the price response of these areas to measure trend intensity and potential reversal.”
Related: BLACKROCK launches Bitcoin ETP in Europe
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.