The economist of the Bitcoin network, Timothy Peterson, maintains his optimistic perspectives for BTC (BTC), suggesting that the asset is 75% that the asset will reach new heights in the next nine months.
In a post of March 25 X, Peterson underlined the current position of the BTC near the lower limit of its historic range. The analyst stressed that the current Bitcoin path lines up with the 25%lower threshold, which gives it majority ratings for a positive rally.
Bitcoin 10 years of seasonality. Source: x.com
Peterson said,
“Here is a 50% chance that it earns 50% + in the short term.”
Peterson’s statements follow a previous study which revealed that most annual annual Bitcoin performance occurred in April and October, which have on average 12.98% and 21.98%, respectively, in the last decade.
Bitcoin returns monthly. Source: Coringlass
Related: Bitcoin Flips ‘Macro Bulnish’ in the middle of the first Hash ribbon purchase signal in 8 months
Bitcoin Onchain Cost Baser Key Investors Key Zone
In a recent post Quicktake on Cryptochant, anonymous analyst Crazzyblockk said that the price made of short -term whales is $ 91,000, while the most active addresses have a cost base between $ 84,000 and $ 85,000.
Bitcoin Short -term whale position. Source: cryptocurrency
A drop below the cost base could trigger the sale, which makes $ 84,000 to $ 85,000 a critical liquidity zone.
The analyst added,
“These basic levels of onchain costs represent decision -making areas where market psychology changes. Traders and investors should closely monitor pricing reactions in these areas to assess the strength of trends and potential inversions. ”
Related: BlackRock Lance Bitcoin ETP in Europe
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
