In a recent statement, economist Timothy Peterson shared thought-provoking projections regarding Bitcoin's future price. Known for his adept analysis of cryptocurrency markets, Peterson's forecasts are rooted in the historical behavior of Bitcoin's price.
According to Peterson's analysis, Bitcoin tends to experience a retreat after reaching its peak, followed by a consistent pattern of surpassing its previous all-time high approximately every 320 days, on average.
Building upon this historical trend, Peterson anticipates that the current bull market will come to a close in January 2025.
