Bitcoin analyst predicts BTC recovery will take 2-6 months, price volatility intensifies
According to Cointelegraph, Bitcoin analyst Timothy Peterson expects BTC recovery to take 2-6 months. Since 2024, BTC has experienced three 20% pullbacks. Peterson noted that historically, it takes an average of 2-6 months to recover to new highs from these levels.
Peterson's AI model shows that the probability of BTC reaching $140,000 by the end of the year is less than 20%, while the probability of reaching $108,000 is 50%. Galaxy's Alex Thorn has lowered the year-end target for BTC from $185,000 to $120,000, believing that market maturity is increasing.
Crypto trader Titan of Crypto predicts that BTC could reach $130,000 by the end of the year. Shanaka Anslem Perera believes that 29.2% of BTC supply is in a loss position, which may indicate a new round of upward cycle.
