Bitcoin has a 50% possibility of exceeding $ 140,000 this month, according to simulations using data from the last decade, economist Timothy Peterson said.
“There is a 50% chance that Bitcoin has completed the month above $ 140K,” Peterson Says In an X post on Wednesday. “But there is a 43% chance that Bitcoin finished below $ 136K,” he added.
Bitcoin (Btc) will have to get about 14.7% to reach $ 140,000 at the current price of $ 122,032, cooled after the original cryptocurrency set a new all-time high of $ 126,200 on Monday, According to In coinmarketcap.
Peterson said the simulation shows “half of October’s October’s October of Bitcoin.
Prediction “non -human emotions or bias opinion”
Peterson said the prophecy derived from “ways -As simulations based solely on real data, not human emotions or bias opinion.”
“Every projection follows the same logic, price changes that match the true historical, repeated volatility and rhythm,” he added.
Bitcoin opened October 1 to approximately $ 116,500, and an increase of $ 140,000 represents a 20.17% gain for the month, closely matching the historical average of Bitcoin’s October.
October has been a second-vigorous function of Bitcoin on average since 2013, delivering average acquisitions of 20.75%, According to In coinglass.
Peterson admitted that the forecast avoids “bias and noise” that influences short -term emotions.
“The result is a clear one, based on the possibility of the possibility of which the value of Bitcoin is likely to go,” he said.
However, there have been many opportunities in recent years where Bitcoin has moved from greater market expectations and failed to follow past patterns, even the data suggested otherwise with high confidence.
The wider market remains confident in Bitcoin
Other crypto analysts expect a higher price for Bitcoin after it reaches a full time on Monday before cooling.
Crypto analyst Jelle Says In an X post on Tuesday that Bitcoin was retesting to previous all-time highs and could have moved higher. “Certainly for the bears. Send it higher,” Jelle said.
Related: Bitcoin corrects from $ 125k all-time high: Where is the BTC price?
Echoing a similar emotion, crypto analyst Matthew Hyland Says In an X post on the same day that “the pressure is building.”
However, Peterson emphasized that “markets are not random in the short term.”
“They are a cycle of liquidity, emotion, and positioning. October is historically significant because it marks the turn of the institutional capital cycles: the end of the Q3 portfolio portfolio, the start of the fiscal year planning for funds, and the approach of ending windows by the end of the year,” he explained.
Magazine: Hong Kong is not the loophole that Chinese crypto companies think it is
