Analyst Timothy Peterson has made new forecasts regarding Bitcoin's price, suggesting significant growth in the upcoming months.
Timothy Peterson's Forecast
According to analyst Timothy Peterson, the Bitcoin price could reach $120,000 in two months. He bases this estimate on ETF fund flows in the US, stating that his model is a partially conservative estimate. Peterson notes that 80% of the time, the price was higher than the estimate.
Requirements to Reach $120,000
Peterson argues that for Bitcoin's price to reach $120,000, fund flows would need to increase by 27% to $46 billion, an increase of $10 billion. He believes that, at the current growth rates, this amount could be reached within 60 days.
Long-term Predictions
Additionally, Peterson claimed that by June 13, 2025, the Bitcoin price could be $275,000. At the time of writing, the Bitcoin price is $97,000, having lost approximately 5% of its value in the last week.
Timothy Peterson's forecasts have sparked interest and discussion in the crypto community. However, it's important to remember that these estimates are part of his analytical model and do not guarantee specific outcomes.
