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Analysis: BTC Could Reach $160,000 Before Christmas if Maintaining Historical Q4 Rebound Average Level
Summary: According to analysts, Bitcoin's price weakness is likely to turn into a 'positive but less volatile' trend in the coming months. Based on historical performance, Bitcoin could reverse its recent downtrend and hit a new all-time high within the next four months, with a more optimistic outlook for Bitcoin leading up to Christmas. Analyst Timothy ...
According to analysts, Bitcoin's price weakness is likely to turn into a 'positive but less volatile' trend in the coming months. Based on historical performance, Bitcoin could reverse its recent downtrend and hit a new all-time high within the next four months, with a more optimistic outlook for Bitcoin leading up to Christmas. Analyst Timothy Peterson pointed out that in the past four months leading up to Christmas, Bitcoin has risen 70% of the time, with an average increase of +44%, which could push the price of Bitcoin to $160,000.
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Link: Analysis: BTC Could Reach $160,000 Before Christmas if Maintaining Historical Q4 Rebound Average Level [Copy]
