Bitcoin price has 75% chance of hitting new highs in 2025 — Analyst
A decade of Bitcoin price data found that BTC price has a 75% chance of making new highs in the next 9 months.
Bitcoin price has 75% chance of hitting new highs in 2025 —
Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC
BTC
$86,507
, suggesting that there is a 75% chance that the asset will hit new highs in the next nine months.
In a March 25 X post, Peterson highlighted BTC’s current position near the lower bound of its historical range. The analyst emphasized that Bitcoin’s current path aligns with the bottom 25% threshold, giving it majority odds for a positive rally.
Bitcoin Price, Bitcoin Analysis, Markets, Price Analysis, Market Analysis
Bitcoin 10-year seasonality chart. Source: X.com
Peterson said:
“Here is a 50% chance it will gain 50%+ in the short term.”
Peterson’s statements follow an earlier study that found that most of Bitcoin’s annual bullish performance occurred in April and October, which have averaged 12.98% and 21.98%, respectively, over the
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Bitcoin Price, Bitcoin Analysis, Markets, Price Analysis, Market Analysis
Bitcoin monthly returns. Source: CoinGlass
Related: Bitcoin flips ‘macro bullish’ amid first Hash Ribbon buy signal in 8 months
Bitcoin onchain cost basis zone key investors’ levels
In a recent quicktake post on CryptoQuant, anonymous analyst Crazzyblockk said that the realized price for short-term whales is $91,000, whereas most highly active addresses hold a cost basis between $84,000 and $85,000.