Cryptocurrency-focused economist Timothy Peterson suggested in his analysis on social media that Bitcoin could reach an all-time high within the next 100 days.
Peterson bases his prediction on three key data sets: trend analysis, seasonality, and market volatility.
According to Peterson, the upward movement in the Bitcoin price is based on a trend that has been going on for 2 years. Stating that this trend is supported not only by technical analysis but also by fundamental dynamics such as “adoption economics”, the economist said, “If this trend continues, Bitcoin could rise above $ 135,000 in the coming period.”
en.bitcoinsistemi.com