Bitcoin gets $126K June target as data predicts bull market comeback

Bitcoin is around the corner from what is normally one of its two best months, and one prediction tool sees a return to BTC price discovery as a result.

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.

Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.

Bitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.

Read more