A decade of Bitcoin price data found that BTC price has a 75% chance of making new highs in the next 9 months.
Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC
BTC $87,384, suggesting that there is a 75% chance that the asset will hit new highs in the next nine months.
In a March 25 X post, Peterson highlighted BTC’s current position near the lower bound of its historical range. The analyst emphasized that Bitcoin’s current path aligns with the bottom 25% threshold, giving it majority odds for a positive rally.
Peterson said:
“Here is a 50% chance it will gain 50%+ in the short term.”
Peterson’s statements follow an earlier study that found that most of Bitcoin’s annual bullish performance occurred in April and October, which have averaged 12.98% and 21.98%, respectively, over the past decade.
Bitcoin onchain cost basis zone key investors’ levels
In a recent quicktake post on CryptoQuant, anonymous analyst Crazzyblockk said that the realized price for short-term whales is $91,000, whereas most highly active addresses hold a cost basis between $84,000 and $85,000.
A dip below the cost basis could trigger selling, making the $84,000 to $85,000 range a critical liquidity zone.
The analyst added:
“These onchain cost basis levels represent decision zones where market psychology shifts. Traders and investors should closely monitor price reactions in these areas to gauge trend strength and potential reversals.”
Source: Cointelegraph
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