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April and October are traditionally strong months for Bitcoin, and historical data suggests a strong rebound before June.

24 hours ago

On March 16th, as per Cointelegraph's report, analyst Timothy Peterson pointed out in a new chart analysis that Bitcoin is on the verge of entering the traditional strong months - the "Golden Window Period" consisting of April and October. If the historical seasonal pattern repeats, Bitcoin is expected to soar to $126,000 by June 1st, compared to the current price of $82,967, indicating a more than 50% increase. Peterson stated that the current Bitcoin price is close to the lower limit of the historical seasonal fluctuation range. In his chart analysis, he emphasized, "Historically, Bitcoin has spent only 4 months below the trend line on average. The red dashed trend line points to the $126,000 target on June 1st, which closely aligns with the high-speed breakout pace after a corrective phase in historical bull markets. Data shows that there have been five corrections of over 20% since 2023, but each correction has been followed by a stronger rally. The bull market is not over; the current phase is just a short-term pullback." Market observers generally believe that Bitcoin's correlation with traditional financial assets has strengthened. It may be temporarily influenced by the volatility of the US stock market, but its unique deflationary properties and geopolitical hedging demand will lead to an independent trend before June.
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