en.bitcoinsistemi.com
05 March 2025 19:02, UTC
After experiencing consecutive declines in recent weeks, Bitcoin has risen above $90,000 again amid expectations of a Crypto Summit to be held at the White House on March 7 and a renewed Fed rate cut.
While it remains unclear whether this rise is short-lived or the beginning of a new upward wave, the experienced analyst said that $BTC is no longer likely to fall below $69,000.
Timothy Peterson has announced a new floor level for the Bitcoin price based on his “Low Price Forward” metric.
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According to this metric, the analyst stated that it is difficult for the Bitcoin price to fall below $ 69,000, and that $BTC has a 95% chance of staying above $ 69,000.
“The Lowest Price Forward doesn't tell you where Bitcoin will be. It tells you where Bitcoin won't be.
There is a 95% chance it will fall below $69,000.”
Peterson added that $BTC’s decline to $78,000 is unsustainable and that such deep declines usually lead to a two to three month consolidation period before the uptrend resumes, after which the bullish period will begin.
“A major decline in Bitcoin is always followed by a cooling period of 2-3 months. After that, the game starts again as if nothing happened.”
*This is not investment advice.
