Bitcoin News
By MikeT
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Simulation Based on Historical Data. Peterson explained that his model relies on Bitcoin’s daily price data from 2015 onward.
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Why October Is Historically Bullish for Bitcoin. October has long been known among traders as “Uptober,” reflecting Bitcoin’s tendency to post…
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Analysts See Further Upside for Bitcoin. While Peterson’s analysis offers a data-driven probability of Bitcoin reaching $140,000 this…
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Data-Driven Forecasts vs. Market Reality. While historical models can provide useful insights into potential price outcomes, Peterson also…
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Broader Market Confidence Remains High. Despite short-term volatility, confidence in Bitcoin’s long-term trajectory remains strong.
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Bitcoin (BTC) could end October with a new record high of $140,000, according to recent simulations by economist Timothy Peterson.
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In a post shared on X (formerly Twitter) on Wednesday, Peterson said, “There is a 50% chance Bitcoin finishes the month above $140k.
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At the time of writing, Bitcoin is trading around $122,000, following a mild pullback after touching an all-time high of $126,200 earlier in the week, according to data from…
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Peterson explained that his model relies on Bitcoin’s daily price data from 2015 onward. The simulations, he said, are grounded in hundreds of iterations designed to replicate…
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“Every projection follows the same logic — price changes that match Bitcoin’s real historical, repetitive volatility and rhythm,” Peterson said.
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Bitcoin opened October at approximately $116,500, meaning that reaching $140,000 would represent a 20.
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Peterson attributes October’s strong seasonal trend to institutional liquidity cycles. “Markets are not random in the short term,” he explained.
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This cyclical behavior often brings renewed buying activity from institutional investors and funds, contributing to increased market momentum.
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While Peterson’s analysis offers a data-driven probability of Bitcoin reaching $140,000 this month, market sentiment among crypto analysts remains broadly bullish.
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Popular analyst Jelle shared that Bitcoin is retesting its previous all-time highs and could be preparing for another move upward. “It’s definitely over for bears.
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