Analysts predict that Bitcoin’s price may drop to around $70,000 within ten days, driven by concerns over U.S.-led trade tensions that could affect investor sentiment. Timothy Peterson, a network economist, highlights that this drop aligns with his pricing model, suggesting $70,000 could be Bitcoin’s “practical bottom.” As Market expectations change rapidly, with a noted shift ...
After hitting over $100,000, Bitcoin has entered a downtrend, prompting speculation about its alignment with the 2017 bull cycle. Analyzing current trends shows that while Bitcoin’s behavior has mirrored previous cycles, recent price movements diverge from the 2017 pattern. The correlation between the two cycles stands at a high 91%, indicating strong historical ties despite ...
Bitcoin is predicted to have a 95% chance of staying above $69,000, according to network economist Timothy Peterson, who shared insights on social media. He introduced the “Lowest Price Forward” metric, indicating that Bitcoin is unlikely to drop below this threshold. Despite recent lows in its price, Peterson remains optimistic about Bitcoin’s future, even suggesting ...
