Cryptocurrency analyst Timothy Peterson shared his bullish outlook on Bitcoin’s price trajectory, citing historical data linked to the performance of the US dollar.
Peterson recently noted that the US dollar has fallen below its 200-day moving average, a situation that has occurred 41 times since 2015. According to Peterson’s analysis, such situations have historically had a significant impact on Bitcoin’s price performance in the months that followed.
Peterson said, “After this signal, Bitcoin traded at a higher price with a 98% probability for the last 9 months.” Peterson also noted that the lowest gain recorded in such scenarios was +24%, while the median gain was +162%. He suggested that the average gain was even higher.
Based on these probabilities, Peterson estimates that there is a 90% chance that Bitcoin will reach or exceed $125,000 by the end of 2025.
At the time of writing, BTC is trading at $87,814.
*This is not investment advice.
