Renowned Economist Shares Bitcoin Price Prediction for 2 Months and 6 Months From Now

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Bitcoinsistemi2024/12/22 21:55

By:Mete Demiralp

How might Bitcoin, the world's largest cryptocurrency, move in 2 months and 6 months based on its current price?

Analyst Timothy Peterson, known for his cryptocurrency bullish statements, predicted the level of Bitcoin price in two months.

According to the analyst's estimate, the BTC price could be at $ 120,000 in two months. Peterson bases this estimate on ETF fund flows in the US. However, he also stated that the model he used was a partially conservative estimate and 80% of the time the price was higher than the estimate.

According to Peterson, for the Bitcoin price to reach $120,000, fund flows would need to increase by 27% to $46 billion, an increase of $10 billion. He argues that with current growth rates, this amount could be reached within 60 days.

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In addition, in his recent statement, the analyst claimed that the BTC price could be $275,000 6 months from now, on June 13, 2025.

At the time of writing, the BTC price is trading at $97,000 and has lost approximately 5% of its value in the last week.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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