"Bitcoin: Probability of surpassing 140,000 dollars this month nears 50%"

Uk Jin

Summary

Economist Timothy Peterson said Bitcoin has nearly a 50% chance of surpassing 140,000 dollars this month.
He said Bitcoin has a 43% chance of closing at or below 136,000 dollars.
He explained that this prediction is the result of simulations based on daily Bitcoin data since 2015.

Bitcoin (BTC) is said to have nearly a 50% chance of breaking through 140,000 dollars within this month.

On the 8th (Korean time), according to cryptoasset (cryptocurrency) news outlet Cointelegraph, economist Timothy Peterson said on his X (formerly Twitter), "The probability that Bitcoin will close above 140,000 dollars this month is 50%, and the probability of closing at or below 136,000 dollars is 43%."

At 9:28 a.m. that day, Bitcoin was trading at 121,711 dollars, down 2.36% from the previous day. He argued that Bitcoin could rise by about 15% more. Peterson explained, "This prediction is the result of 'hundreds of simulations' based on daily Bitcoin data since 2015," calling it "a data-driven analysis without emotions or bias."

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