Bitcoin network economist Timothy Patterson has maintained his hope for the BTC (BTC), and suggests that there is a 75 % possibility that the asset will come to a new height in the next nine months.
In a post on March 25, Patterson highlighted the current BTC’s current position near the bottom of its historical limit. Analysts emphasized that the current route to BitCoin is compatible with a 25 % limit, which leads to the majority of the problems for a positive rally.
Bitcoin 10 -year seasonal chart. Source: x.com
Patterson said,
“Here is a 50 % chance that it will get 50 %+ in the short term.”
Patterson’s statements follow a previous study that found that BitCoin’s annual rapid performance is in April and October, which has an average of 12.98 % and 21.98 %, respectively over the past decade.
Bit Coin Monthly Return. Source: Konglas
Relevant
Bitcoin Height Cost Foundation Zone Key Investors Level
In a recent Quick Tech post related to cryptoconne, anonymous analyst Kraz Block said the cost of feeling of short -term whales is 000 91,000, while highly active addresses, 000 84,000, have the cost of cost between 000 85,000.
Bitcoin Short Term Wheel Position. Source: cryptoquant
Sale can be triggered by downloading below cost base, which, 000 84,000, can be a significant liquidity zone.
The analyst added,
“This high -cost basis represents decisive areas where market psychology changes. Traders and investors should closely monitor the prices reaction in these areas to assess the power and the potential overturned.”
Related: Blackrock launches BitCoin ETP in Europe
This article does not have investment suggestions or recommendations. Each investment and trade initiatives include a threat, and readers should do their research when making a decision.
