Bitcoin Price Prediction: 75% Chance of New Highs in 2025
Bitcoin Price Prediction: 75% Chance of New Highs in 2025
Bitcoin network economist Timothy Peterson forecasts a strong possibility of Bitcoin (BTC) reaching new all-time highs within the next nine months. He assigns a 75% probability to this outcome, based on BTC's current price position near the lower bound of its historical range.
Peterson's analysis highlights Bitcoin's current trajectory as aligning with the bottom 25% of its historical range, thus suggesting a higher likelihood of a significant upward movement. He further stated: "Here is a 50% chance it will gain 50%+ in the short term."
Source: X.com
This optimistic outlook is supported by a separate study indicating that Bitcoin's most significant annual gains historically occur in April and October. These months have averaged 12.98% and 21.98% returns, respectively, over the past decade.
Source: CoinGlass
Key On-Chain Metrics and Investor Levels
CryptoQuant analyst Crazzyblockk points to crucial on-chain cost basis levels. Short-term whales show a realized price of $91,000, while highly active addresses hold a cost basis between $84,000 and $85,000. A dip below these levels could trigger selling pressure, making this range a critical support zone.
Source: CryptoQuant
Crazzyblockk emphasizes the importance of monitoring these on-chain cost basis levels as they represent key decision points for investors. Price reactions in these areas will be critical in gauging market sentiment and potential trend reversals.
Disclaimer: This article does not provide financial advice. All investment decisions involve risk, and thorough research is crucial before investing.
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