Summary
- There is a forecast that Bitcoin could reach $160,000 by year-end.
- Historically, Bitcoin has shown an upward trend with a 70% probability during the four months before Christmas.
- The average price increase rate for Bitcoin has been found to be about 44%.
There is speculation that Bitcoin (BTC) could reach $160,000 by the end of the year.
On the 27th (local time), Timothy Peterson, a crypto (cryptocurrency) analyst, said on X (formerly Twitter), "Bitcoin could reach $160,000 by the end of this year," adding, "Historically, Bitcoin has shown an upward trend with a 70% probability during the four months before Christmas." The average price increase rate was found to be about 44%.
As of 9:54 PM, Bitcoin is trading at $111,194 on Binance USDT market, up 1% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
