Analysis: April and October are traditionally strong months for Bitcoin, BTC may experience a strong rebound before June
Analyst Timothy Peterson pointed out in a new chart report that Bitcoin is about to enter the traditional strong months - April and October, forming a "golden window". If historical seasonal patterns repeat, Bitcoin could hit $126,000 before June 1st, offering more than 50% upside from its current price of $82,967.
He stated that the current price of Bitcoin is close to the lower limit of historical seasonal fluctuations. In his chart analysis he emphasized that "Bitcoin's average duration below trend line is only four months. The red dashed trend line points to a target position of $126,000 on June 1st which aligns perfectly with the pace of explosion after corrections in past bull markets. Data shows there have been five pullbacks exceeding 20% since 2023 in this cycle but each correction was followed by stronger rallies. The bull market has not left yet; it's just experiencing short-term pullback."
Market observers generally believe that as Bitcoin’s linkage with traditional financial assets strengthens it may be affected by US stock market volatility in the short term. However, its unique deflationary attributes and demand for geopolitical hedging will enable it to move independently before June.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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