Top Economist Predicts Bitcoin Could Soar to $138K or Crash—What Happens Next?

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<a href="https://inrusdinr.in/btc-usd/">Bitcoin</a>: How Low Can The Price go in the Next 90 Days, According to Top Economist

Recently, Peterson analyzed Bitcoin’s previous performance in instances where High Yield rates surpassed 8%, a level now being scrutinized. Using data from 38 events since 2010, he discovered that on average, Bitcoin yielded approximately 71% over the subsequent three months, with the median increase being 31%. The most significant loss experienced during these periods was only 16%.

New Market Behavior Emerging in 2024

According to Peterson’s analysis, Bitcoin might be expected to trade within a range of $75,000 to $138,000 over the next 90 days, given its historical behavior in comparable market situations.

Additionally, he emphasized a significant change in market trends: the relationship between Bitcoin and the U.S. Dollar Index has attained unprecedented strength. While not necessarily causing each other, Peterson explained that this connection showcases how both assets are currently influenced by tight monetary conditions, high real interest rates, and cautious investor sentiment.

He pointed out that these indicators represent significant stress signals, and Bitcoin is behaving similarly to other substantial investment classes when they’re under duress.

Breakout Expected as Conditions Shift

According to Peterson, he anticipates that the tight relationship between Bitcoin and broader economic indicators will weaken by the end of this year. This is because interest rates are expected to settle down and liquidity should increase. Once this change takes place, he thinks Bitcoin could separate itself and resume a more robust upward trend.

According to Peterson’s analysis, the similarities with past trends, the tightening circumstances, and investors’ actions seem to suggest an imminent short-term surge for Bitcoin, despite persistent economic challenges.

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2025-04-20 13:56