Cryptocurrency analyst Timothy Peterson claims that Bitcoin is on pace to hit a new all-time high of $107,000 within the next three to six weeks, according to historical recovery data from the NASDAQ and adjusted for Bitcoin’s beta.
In a recent X post, Peterson compares the post-crisis recovery of the NASDAQ—specifically March 2009 and April 2020—to Bitcoin’s recent price action.
When adjusted for Bitcoin’s higher volatility, or beta of 1.33, the projection puts the cryptocurrency’s current path in line with a steeper-than-usual, rapid upside trajectory.
"Bitcoin is mirroring the NASDAQ's recovery after the VIX hit 55," Peterson adds—highlighting a period of historical bullishness that followed extreme market fear.
The orange line on the chart showcases Bitcoin’s current performance, overlaid on the past trends of the NASDAQ post-crisis.
If the pattern continues, the $107,000 target could be reached within roughly 50–70 trading days from the start of this rally—which aligns with a mid-to-late June window.
The post Cryptocurrency Analyst Predicts Bitcoin Price Target and Timeframe For ATH
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