CandleFocus Renowned Economist Shares Bitcoin Price Prediction for 2 Months and 6 Months From Now
2024-12-22
Author: Content Editor
Crypto analyst Timothy Peterson has predicted that the price of Bitcoin could reach $120,000 in two months. He based this estimate on ETF fund flows in the US and noted that his model is conservative, with the price often exceeding the estimate. Peterson believes that for Bitcoin to reach $120,000, fund flows would need to increase by 27% to $46 billion. He also stated that the BTC price could potentially reach $275,000 in six months. Currently, Bitcoin is trading at around $97,000, experiencing a 5% decline over the past week.
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