$BTC

unprecedented correlation with the US dollar, while new research on the price of BTC sets a floor of USD 75,000.

In one of his latest analyses on April 18, network economist Timothy Peterson calculated that BTC/USD could rise to USD 138,000 in the next three months.

The odds of the BTC price favor the bulls

Bitcoin is navigating very unusual macroeconomic conditions as a result of the ongoing trade war in the US, but history still offers clues about where BTC price action could head next.

For Peterson, the effective yield of the US High Yield index, currently above 8%, is key.

"This has happened 38 times since 2010 (monthly data)," he summarized.

"Three months later: Bitcoin rose 71% of the time. The median gain was +31%. If it dropped, the worst loss was -16%."