Timothy Peterson noted that Bitcoin is now located near the lower border of the corridor built on historical data. Therefore, there is a significant chance of the growth of the first cryptocurrency.
“The graph shows that with a probability of 75%, bitcoin will begin growth. With a probability of 50%, bitcoin will grow half in the short term, ”the analyst said.
Peterson wrote about the upcoming growth on March 15, using the same method. Since then, the BTC has grown markedly, but the economist is waiting for the continuation of growth, since the “rebound” from the lower border of the channel is still insignificant.
Last year, Peterson expected Bitcoin to show a new historical maximum in March 2025.
Source: Bits
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