Bitcoin's Potential Surge: $138K Within Three Months Amidst Shifting Macro Landscape

Bitcoin's Potential Surge: $138K Within Three Months Amidst Shifting Macro Landscape

New research suggests Bitcoin (BTC) could reach $138,000 within the next three months, driven by unique macroeconomic conditions and historical patterns. Despite an unusual positive correlation with the US dollar, experts predict a decoupling that could propel BTC to new highs, with a strong floor of $75,000.

Key Takeaways

• Bitcoin could surge to $138,000 within 90 days.

• A $75,000 price floor is projected.

• The US High Yield Index Effective Yield is a key indicator.

• An unprecedented positive correlation between BTC and the US dollar is expected to flip.

Unprecedented Correlation and Upside Potential

Network economist Timothy Peterson's latest analysis indicates a significant upside for Bitcoin, projecting a potential rise to $138,000 within the next three months. This forecast is based on the US High Yield Index Effective Yield, which currently stands above 8%. Historically, when this index has been at similar levels, Bitcoin has shown a median gain of +31% three months later, rising 71% of the time. This historical data suggests a strong bullish bias for BTC/USD.

Peterson's research also establishes a robust floor for Bitcoin, estimating it to be between $75,000 and $138,000 within the 90-day timeframe. To reach the upper end of this projection, Bitcoin would need to achieve a 62% gain within this period.

Decoupling from the US Dollar

A notable aspect of the current market is the

Sources

• Bitcoin can reach $138K in 3 months as macro odds see BTC price upside, Cointelegraph.