Bitcoin has 95% chance of staying above USD 69,000 forever, says the classic BTC price forecast tool.
IN Post to X On March 4, the Timothy Peterson network economist revealed a fresh floor level from the “lowest price” metric.
Peterson: the price of USD 69,000 has a 95% chance of keeping
Bitcoin (BTC) remains very sensitive to geopolitical decisions in 2025, last week reaching the lowest level since November last year.
Despite the unrest in the future, Crypto Bull Run among some market participants, Peterson remains optimist in both shorter and longer time frames.
Now the lowest price he created in 2019It gives $ 69,000 as a threshold that BTC/USD is very unlikely.
“The lowest forward price does not say where Bitcoin will be. He tells you where Bitcoin will not be, “said X observers.
“There is a 95% chance that it will not fall below $ 69,000.”
Bitcoin lowest price. Source: Timothy Peterson/X.
The lowest price has an impressive, though brief history. In June 2020, Peterson predicted that Bitcoin would never visit four-digit prices again from August this year-which eventually turned out to be correct, subject to only two weeks.
In January this year, Peterson delivered the target price of $ 1.5 million BTC for the next 10 years. At that time, BTC/USD had about USD 92,000.
“The year is 2035. Bitcoin is in – and you can keep me – $ 1.5 million. And somewhere someone asks “Now is there a good time to buy Bitcoin?” – he wrote.
Bitcoin “rest period” can last 3 months
Continuation, Peterson suggested that the last journey to $ 78,000 was unbalanced itself.
Related: Bitcoin is no longer a “protected marina” because the price of 82 thousand USD leaves gold upstairs
At the end of February, he argued that it would be “challenging” to force a market below USD 80,000, based on the price of bitcoins to the trend record.
Further analysis X He decided that a quick return from the BTC price could take some time.
“After the incidents of surrender, such as today, there is a 2-3-month cooling period,” we read the post of February 25, when the long liquidation cascade was underway.
“Then the game is again, as if nothing had ever happened.”
Bitcoin price for the trend chart. Source: Timothy Peterson/X.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
