Bitcoin network economist Timothy Peterson remains optimistic about BTC, suggesting a 75% chance that the asset will reach new highs within the next nine months.
In a March 25 post on X, Peterson noted that BTC is currently near the lower end of its historical range. He emphasized that Bitcoin’s position aligns with the bottom 25% threshold, indicating a strong likelihood for a positive rally.
Peterson’s outlook follows a study indicating that April and October have historically seen Bitcoin’s strongest performance, with average gains of 12.98% and 21.98%, respectively, over the past decade.
An anonymous analyst on CryptoQuant, Crazzyblockk, recently noted that the realized price for short-term whales is $91,000, while most highly active addresses hold a cost basis between $84,000 and $85,000.
