Bitcoin network economist Timothy Peterson maintains his optimistic views for BTC (BTC)It suggests that there is a 75% chance that the owner will hit new highs over the next nine months.
In a post of March 25 x, Peterson Highlighting The current position of BTC near the lower bond of its historical coverage. The analyst emphasized that the current Bitcoin path is aligned under a 25% threshold, giving it most of the odds for a positive rally.
Bitcoin 10-year seasonal chart. Source: x.com
Peterson said,
“Here’s a 50% chance it will get 50%+ in a short time.”
Peterson’s statements follow a Earlier studying It was found that most of the annual Bitcoin bullish performance occurred in April and October, average of 12.98% and 21.98%, respectively, over the past decade.
Bitcoin’s monthly return. Source: Coinglass
Related: Bitcoin Flips ‘Macro Bullish’ in the middle of the first hash ribbon buy signal in 8 months
Bitcoin onchain cost basis zone key investor ‘levels
In a recent QuickTake post on Cryptoquant, CrazzyBlockk analysts CrazzyBlockk Says That the realized price for short-term whales is $ 91,000, while the most active addresses hold the cost basis between $ 84,000 and $ 85,000.
The position of temporary whales of bitcoin. Source: cryptoquant
A DIP below the cost basis can trigger a sale, making the $ 84,000 to $ 85,000 covered by a critical liquidity zone.
Analyst added,
“Onchain cost basis levels represent decision zones where market psychology changes. Traders and investors must monitor price reactions in these areas to measure the strength of the trend and potential return.”
Related: Blackrock launches Bitcoin ETP in Europe
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
