Analyst Timothy Peterson, known for his cryptocurrency bullish statements, predicted the level of Bitcoin price in two months.
According to the analyst's estimate, the BTC price could be at $ 120,000 in two months. Peterson bases this estimate on ETF fund flows in the US. However, he also stated that the model he used was a partially conservative estimate and 80% of the time the price was higher than the estimate.
According to Peterson, for the Bitcoin price to reach $120,000, fund flows would need to increase by 27% to $46 billion, an increase of $10 billion. He argues that with current growth rates, this amount could be reached within 60 days.
In addition, in his recent statement, the analyst claimed that the BTC price could be $275,000 6 months from now, on June 13, 2025.
At the time of writing, the BTC price is trading at $97,000 and has lost approximately 5% of its value in the last week.
*This is not investment advice.