Expert: "Bitcoin to turn bullish starting in April"···Predicting record high before June

10-year monthly BTC performance graph posted
"BTC usually starts bull market in April and October"

Cryptocurrency expert Timothy Peterson pointed out the past upward pattern of Bitcoin through his X account on the 16th, forecasting that Bitcoin will start a bull market from April and can set a new high before June.

Peterson highlighted the seasonal pattern of Bitcoin's market cycle, especially the transition to a bull market. He posted a graph of Bitcoin's monthly price change over the past 10 years.

He said, "Bitcoin's annual performance has occurred in April and October," and "There is a high possibility that Bitcoin will reach an all-time high before June this year." According to the graph posted by Peterson, Bitcoin has indeed started a bull market in April and October, and recorded performance in May and November.

This month, Peterson designated a new bottom for Bitcoin at $69,000, arguing that a new bull market will start after a 3-month cooling period.

At the time, he wrote on his X account, "There is a 95% chance that Bitcoin will fall below $69,000," and "After a capitulation event like a large-scale liquidation, the market will go through a 2-3 month cooling period, and then the market will start the game as if nothing had happened."

Reporter Kwon Seung-won ksw@blockstreet.co.kr