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.

April could spark 50% BTC price upside

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.

“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  

“Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”

Bitcoin seasonal comparison. Source: Timothy Peterson/X

Peterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below

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