Odaily News Analyst Timothy Peterson pointed out in a new chart report that Bitcoin is about to enter the traditionally strong months - the "golden window period" consisting of April and October. If the historical seasonal pattern repeats itself, Bitcoin is expected to hit $126,000 before June 1, which has more than 50% room for growth compared to the current price of $82,967.
He said that the current price of Bitcoin is close to the lower limit of the historical seasonal fluctuation range, and emphasized in his chart analysis that "the average length of time that Bitcoin is below the trend line is only 4 months, and the red dotted trend line points to the target of $126,000 on June 1, which is highly consistent with the rhythm of the historical bull market correction. Data shows that the current cycle since 2023 has seen five corrections of more than 20%, but each correction has been accompanied by a stronger rise. The bull market has not left yet, and it is only a short-term correction at present."
Market observers generally believe that Bitcoin's linkage with traditional financial assets has increased, and it may be affected by the volatility of the U.S. stock market in the short term, but its unique deflationary properties and geopolitical risk aversion demand will enable it to move independently before June. (Cointelegraph)