Analyst has determined the lowest and highest price that Bitcoin could reach in the next 90 days!

Economist Timothy Peterson, focused on Crypto currencies, made a remarkable assessment regarding the potential price movements of Bitcoin in a high interest environment. Peterson analyzed the past performance of Bitcoin after the high yield interest rates in the US exceeded 8%.

According to Peterson’s statement, similar interest rate levels have been observed 38 times since 2010. In the three-month periods following these times, Bitcoin showed an increase of 71%. While the median gain during these periods was calculated at 31%, the largest loss experienced was limited to 16%.

According to the economist, this data indicates that Bitcoin could trade in the range of 75,000 to 138,000 dollars in the next 90 days.

Peterson also noted that the correlation between Bitcoin and the US Dollar has reached unprecedented levels in history. Emphasizing that this relationship reflects macroeconomic conditions affecting both assets rather than being causal, Peterson stated that this correlation has reversed direction as of 2024. Previously moving in opposite directions, Bitcoin and High Yield interest rates are now reacting to the same economic stress factors: tightening liquidity, high real interest rates, and a global risk aversion tendency.

At the end of his assessment, Peterson predicted that Bitcoin would break away from this correlation and rise again with the decrease in real interest rates and the return of liquidity to the markets.