Bitcoin (BTC) faces “unprecedented” US dollar correlation as new BTC price research gives a $75,000 floor.
In one of his latest analyses on April 18, network economist Timothy Peterson calculated that BTC/USD may rise as high as $138,000 within the next three months.
BTC price probabilities give bulls the upper hand
Bitcoin is navigating highly unusual macroeconomic conditions as a result of the ongoing US trade war, but history still offers clues as to where BTC price action may head next.
For Peterson, the US High Yield Index Effective Yield, currently at over 8%, holds the key.
“This has happened 38 times since 2010 (monthly data),” he summarized.
“3 months later: Bitcoin was up 71% of the time. The median gain was +31%. If it went lower, the worst loss was -16%.”US High Yield Index Effective Yield. Source: Timothy Peterson/X
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