Bitcoin has a 95% likelihood of staying above $69,000 eternally, a traditional BTC price forecasting instrument says.
In a post to X on March 4, community economist Timothy Peterson revealed a new ground stage from the “Lowest Price Ahead” metric.
Peterson: $69,000 BTC price has 95% likelihood of holding
Bitcoin (BTC) remains highly sensitive to geopolitical choices in 2025, final week hitting its lowest ranges since November final yr.
Regardless of misgivings over the way forward for the crypto bull run amongst some market individuals, Peterson stays optimistic each on shorter and longer timeframes.
Now, the Lowest Price Ahead, which he created in 2019, offers $69,000 as a threshold that BTC/USD is extraordinarily unlikely to cross once more.
“Lowest Price Ahead doesn’t let you know the place Bitcoin can be. It tells you the place Bitcoin gained’t be,” he instructed X followers.
“There’s a 95% likelihood it will not fall under $69k.”
Bitcoin Lowest Price Ahead chart. Supply: Timothy Peterson/X
Lowest Price Ahead has a powerful, albeit brief, historical past. In June 2020, Peterson predicted that Bitcoin would by no means revisit four-digit costs from August of that yr onward — which finally proved correct, topic to a delay of barely two weeks.
In January this yr, Peterson delivered a $1.5 million BTC price target for the subsequent 10 years. On the time, BTC/USD traded at round $92,000.
“The yr is 2035. Bitcoin is at – and you’ll maintain me to this – $1.5 million. And someplace somebody is asking ‘Is now time to purchase Bitcoin?’” he wrote.
Bitcoin “cooling off interval” might final 3 months
Persevering with, Peterson suggested that the latest journey to $78,000 was itself unsustainable.
Associated: Bitcoin no longer ‘safe haven’ as $82K BTC price dive leaves gold on top
In late February, he argued that it might be “tough” to drive the market under $80,000, primarily based on the Bitcoin Price to Pattern metric.
Further X analysis acknowledged that a speedy return to BTC price upside might take a while.
“Capitulation occasions like right now are at all times adopted by a 2-3 month cooling off interval,” reads a publish from Feb. 25, when a protracted liquidation cascade was already in progress.
“After that it is sport on once more like nothing ever occurred.”
Bitcoin Price to Pattern chart. Supply: Timothy Peterson/X
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
