Bitcoin (BTC) could potentially surge to $138,000 in the next 90 days, according to network economist Timothy Peterson. His analysis indicates a 62% upside, with historical data showing BTC was up 71% of the time three months after similar macro conditions.
🔍 Key Insights:
US High Yield Index Effective Yield is over 8%, a level that has historically preceded significant BTC gains.
BTC/USD performance is skewed to the upside, with a median gain of +31% in similar past scenarios.
Potential Price Range: BTC could range between $75K and $138K within the next 90 days.
📊 Market Dynamics: The current macroeconomic environment, including high real yields and tightening liquidity, has led to an unprecedented correlation between BTC and the US dollar. However, Peterson anticipates this relationship will revert to its historical inverse pattern as liquidity returns.
🌐 Looking Ahead: As macroeconomic conditions evolve, BTC's trajectory appears promising. Investors are advised to stay informed and consider the potential for significant market movements in the coming months.
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