Analysts predict that Bitcoin's price may reach $160,000 before Christmas
According to ChainCatcher, analysis shows that the weak Bitcoin price may turn positive in the coming months but with lower volatility. Historical performance indicates that Bitcoin is expected to reach a new all-time high within the next four months.
Analyst Timothy Peterson pointed out that Bitcoin has been rising 70% of the time in the four months leading up to Christmas over the years, with an average increase of +44%. This average increase would bring the Bitcoin price to $160,000.