{"id":125178,"date":"2025-03-16T14:16:23","date_gmt":"2025-03-16T14:16:23","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125178"},"modified":"2025-03-16T14:16:23","modified_gmt":"2025-03-16T14:16:23","slug":"bitcoin-gets-126k-june-target-as-data-predicts-bull-market-comeback","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125178","title":{"rendered":"Bitcoin gets $126K June target as data predicts bull market comeback"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.<br \/>\nData uploaded to X on March 15 gives BTC\/USD around two-and-a-half months to beat its $109,000 record.<br \/>\nApril could spark 50% BTC price upside<br \/>\nBitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.<br \/>\n\u201cBitcoin is trading near the low end of its historical seasonal range,\u201d he determined alongside a chart comparing BTC price cycles.\u00a0\u00a0<br \/>\n\u201cNearly all of Bitcoin&#8217;s annual performance occurs in 2 months: April and October.\u00a0 It is entirely possible Bitcoin could reach a new all-time high before June.\u201d<br \/>\nBitcoin seasonal comparison. Source: Timothy Peterson\/XPeterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below which BTC\/USD never falls after a crossing above them at a certain point.\u00a0<br \/>\nAfter its recovery from multi-year lows in March 2020, Lowest Price Forward predicted that BTC price would never trade under $10,000 again from September onward.<br \/>\nMeanwhile, a new likely floor level has appeared this year: $69,000, as Cointelegraph reported, which has a \u201c95% chance\u201d of holding.<br \/>\nContinuing, Peterson stipulated a median target of $126,000 with a deadline of June 1.\u00a0<br \/>\nAlongside a chart showing the performance of $100 in BTC, he also revealed that limp bull market performance has always been temporary.<br \/>\n\u201cBitcoin average time below trend = 4 months,\u201d he explained.<br \/>\n\u201cThe red dotted trend line = $126,000 on June 1.\u201d<br \/>\nBitcoin growth of $100 comparison. Source: Timothy Peterson\/XA standard Bitcoin bull market comedown<br \/>\nOther popular market commentators continue to emphasize that Bitcoin\u2019s recent trip to $76,000 is standard corrective behavior.<br \/>\nRelated: Watch these Bitcoin price levels as BTC retests key $84K resistance<br \/>\n\u201cYou don\u2019t have to look at the previous BTC bull runs to understand that corrections are a part of the cycle,\u201d popular trader and analyst Rekt Capital wrote in part of X analysis of the phenomenon at the start of March.<br \/>\nRekt Capital counted five of what he called \u201cmajor pullbacks\u201d in the current cycle alone, going back to the start of 2023.<br \/>\nBTC\/USD 1-week chart. Source: Rekt Capital\/XAnalysts at crypto exchange Bitfinex told Cointelegraph this weekend that the current lows mark a \u201cshakeout,\u201d rather than the end of the current cycle.<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-gets-126k-june-target-data-predicts-bull-market-comeback?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said. Data uploaded to X on March 15 gives&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125178"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125178"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125178\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125178"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}