Bitcoin could reach $126,000 by June due to potential 50% price upside in April

From Cointelegraph
March 16, 2025 09:20 AM:

Bitcoin could reach new all-time highs by June, says economist Timothy Peterson. Data suggests BTC/USD has around two-and-a-half months to beat its $109,000 record. Peterson predicts a potential 50% price upside in April, highlighting seasonal patterns where most of Bitcoin’s annual performance occurs in two months: April and October. Peterson’s metrics show a possible new floor level of $69,000, with a median target of $126,000 by June 1.

Despite Bitcoin’s recent drop from $76,000, analysts believe it is a standard corrective behavior in a bull market cycle. Popular trader Rekt Capital notes five major pullbacks in the current cycle and emphasizes that corrections are a natural part of the Bitcoin cycle. Bitfinex analysts also view the current lows as a “shakeout,” not the end of the current cycle. This article does not contain investment advice or recommendations.

Read more at Cointelegraph: Bitcoin gets $126K June target as data predicts bull market comeback