Bitcoin adjusts 20% from peak…"Recovery may take months"

Suehyeon Lee

Summary

"Bitcoin (BTC) has fallen 20% from its all-time high, and analysis says it will take months to recover."
"AI-based simulation results indicate that the chance Bitcoin will surpass 140,000 dollars within this year is under 20%, and the chance it will close at or above 108,000 dollars is 50%."
"Market maturation is reducing price volatility, and it was stated that the uptrend will continue if the 100,000 dollar support level holds."

Recently, Bitcoin (BTC) has fallen about 20% since its all-time high, leading to analysis that it will take time to recover to its peak.

On the 8th (local time), Cointelegraph quoted network economist Timothy Peterson as saying that this correction "matches Bitcoin's past recovery patterns," and explained that "this is the third 20% correction from the all-time high since 2024, and it usually takes 2~6 months to recover to a new high."

Peterson, citing AI-based simulation results, added that "the probability that Bitcoin will surpass 140,000 dollars within this year is less than 20%, the probability of closing above 108,000 dollars is 50%, and the probability that total returns for next year will end negative is around 30%."

Alex Son, head of Galaxy Research, also lowered Bitcoin's year-end target from 185,000 dollars to 120,000 dollars, citing market maturation. He said, "As institutional investment and passive inflows increase, price volatility is decreasing," and "if the 100,000 dollar support level holds, the three-year ongoing uptrend will be structurally maintained."

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