Bitcoin has a 95% chance of staying above $ 69,000 forever, says a classic BTC price forecasting tool.
In a Post on x On March 4, network economist Timothy Peterson revealed a new floor level from the “lowest price forward” metric.
Peterson: $ 69,000 BTC price has a 95% chance to handle
Bitcoin (Btc) remains highly sensitive In geopolitical decisions in 2025, last week hit the lowest level since November last year.
Despite the misconceptions of the Crypto Bull Run’s future in some market participants, Peterson remains optimistic in shorter and longer hours.
Now, the lowest price forward, that he Created in 2019Provides $ 69,000 as a threshold that BTC/USD is highly likely to cross again.
“The lowest price forward will not tell you where Bitcoin is. You are told where it will not be Bitcoin,” he told followers of X.
“There is a 95% chance that it won’t fall below $ 69k.”
The lowest chart of Bitcoin lowest price. Source: Timothy Peterson/X.
The lowest price forward has a wonderful, even short, history. In June 2020, Peterson predicted that Bitcoin would never revisit the four-digit price from August of that person forward-that eventually proven Rightsubject to a delay of almost two weeks.
In January this year, Peterson delivered a $ 1.5 million BTC’s target price for the next 10 years. At this time, BTC/USD exchanged about $ 92,000.
“The year is 2035. Bitcoin is in – and you can handle me with it – $ 1.5 million. And somewhere someone asked ‘now a good time to buy bitcoin?’ ”He wrote.
Bitcoin “Cooling Off Period” can take 3 months
Continued, Peterson suggested that the recent trip to $ 78,000 is itself unstable.
Related: Bitcoin is no longer ‘safe shelter’ as $ 82k BTC price dive leaves gold on top
In late February, he argued that it would be “difficult” to force the market below $ 80,000, based on the price of Bitcoin in the metric trend.
Further examination of X. It is recognized that a quick return to BTC prices upside down may take some time.
“Capitulation events like today are always followed by a 2-3 month cooling season,” reads a post from Feb.
“After that it is a game again like nothing happened.”
Bitcoin price on trend chart. Source: Timothy Peterson/X.
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.
