$160K Bitcoin By Christmas? Analysts Say It’s Still Possible

$160K Bitcoin By Christmas? Analysts Say It’s Still Possible


Bitcoin slid to levels not seen since early July this week, but some analysts say the drop may be only a short pause before a bigger year-end move.

September has a long record of being the weakest month for BTC, and historically it has never closed more than 8% higher. That context is shaping how traders and researchers read the charts now.

Expert’s Timing And Historic Averages

Trending: Video: Grandmother is alone on her front porch during day when male comes up, asks for directions. That’s not what he wants.

According to research from network economist Timothy Peterson, there are four months until Christmas and history favors gains in that window.

Peterson posted on X that Bitcoin has been higher over the same four-month span 70% of the time, and the average gain he calculated was +44%.

Based on that average, Bitcoin would trade near $160,000 by the

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!