Bitcoin (BTC) recently closed the day down by 1.52%, settling at $86,583. Market analyst Timothy Peterson suggests there is a 75% probability of BTC reaching new all-time highs within the next 9 months.
Bitcoin (BTC) recently closed the day down by 1.52%, now trading at $87,583 after a rebound overnight. However, according to influential market analyst Timothy Peterson, the likelihood of BTC reaching new all-time highs in the next 9 months is as high as 75%.
Based on a combination of historical data, on-chain indicators, and strong technical support, Peterson believes that Bitcoin is well positioned for further upside. According to his models, BTC could even see a 50% short-term gain if it manages to stay above key levels.
Peterson points out that the current price of Bitcoin is near the lower bound of its historical valuation band. This gives it a strong likelihood of bouncing back significantly.
“Almost all of Bitcoin’s annual performance occurs in two months: April and October. It is entirely possible for Bitcoin to reach a new all-time high before June,” the expert wrote on X.
On-chain, short-term whales have a realization price of $91,000, which could create a liquidity zone conducive to a sentiment reversal. Moreover, many active addresses have a cost basis between $84,000 and $85,000, a crucial level to defend.
Technically, Bitcoin is consolidating just below the resistance at $88,780, while remaining firmly anchored above the support at $86,460. A decisive break above $88,780 would pave the way for higher targets.
#Bitcoin still holding above the previous local highs & the 25-day EMA.
— Jelle (@CryptoJelleNL) March 27, 2025
Looks ready for a push towards the main resistance area between 90 & 94k.pic.twitter.com/hLSICb3nDK
However, the 50-day moving average at $89,500 could push Bitcoin back in the short term, especially as some whales defend this area.
According to another engineer and expert, BTC could even surge by 130% before the end of the year.
Aspsk32 believes that BTC cycles have typically seen strong movements between July and November. “The last three Bitcoin cycles have experienced positive movements between July and November,” he explains.
It’s now just a matter of time, rather than “if”. Bitcoin is gearing up for strong movements and should end the year much higher than $100,000, at least $125,000 according to Peterson.
In conclusion, with such strong fundamentals, it appears Bitcoin is well positioned to attempt new highs in the coming months.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
