Bitcoin Poised for Significant Gains by June, Analyst Predicts

According to BlockBeats, analyst Timothy Peterson has highlighted in a new chart report that Bitcoin is entering a traditionally strong period, known as the 'golden window' of April and October. If historical seasonal trends repeat, Bitcoin could reach $126,000 by June 1, representing a potential increase of over 50% from its current price of $82,967. Peterson notes that Bitcoin's current price is nearing the lower limit of its historical seasonal fluctuation range. His chart analysis emphasizes that Bitcoin typically remains below the trend line for an average of four months. The red dashed trend line points to a target of $126,000 by June 1, aligning closely with the explosive growth pattern seen after historical bull market corrections. Data indicates that since 2023, the current cycle has experienced five corrections exceeding 20%, each followed by stronger upward movements. The bull market is not over, and the current situation is viewed as a short-term correction. Market observers generally agree that Bitcoin's correlation with traditional financial assets has strengthened, potentially making it susceptible to fluctuations in U.S. stock markets in the short term. However, its unique deflationary properties and geopolitical hedging demand are expected to drive an independent trend by June.