In recent years, Bitcoin shows a recovery trend comparable to historical data from NASDAQ. Analysts are considering various factors, including the cryptocurrency's volatility.
NASDAQ Recovery Comparisons
Peterson's analysis shows that Bitcoin is following a similar path as NASDAQ after the crisis. He notes that Bitcoin is 'mirroring the NASDAQ’s recovery after the VIX hit 55,' pointing to positive trends following periods of extreme market fear.
Bitcoin Price Projections
Adjusting for Bitcoin's higher volatility, analyses indicate that the current trajectory aims for a sharp rise. If the trend remains stable, Bitcoin could reach $107,000 within 50–70 trading days from the current rally's start.
Historical Dynamics and Forecast
The orange line on the chart represents Bitcoin's performance plotted against past post-crisis trends from NASDAQ. If the pattern continues, a new all-time high could be reached by mid to late June.
Current analyses of Bitcoin's price highlight numerous similarities with the NASDAQ recoveries during previous crises. This underscores the importance of observing historical trends in predicting future market movements.
