Bitcoin Price Metrics Predicts a Bull Run with $69K Floor

Bitcoin's upward momentum may soon return, but analysts warn of an impending 'cooling off period' lasting up to three months. This insight comes from network economist Timothy Peterson, who has introduced a new projected price floor for Bitcoin.

According to Peterson, Bitcoin (BTC) is highly likely to remain above the $69,000 mark indefinitely. This prediction is derived from a traditional Bitcoin price forecasting method.

Peterson's Projection: $69,000 as a Reliable Threshold

Despite significant fluctuations in the market and Bitcoin recently reaching its lowest levels since November, Peterson maintains a positive outlook for the cryptocurrency's future. He emphasizes that Bitcoin is particularly responsive to geopolitical influences as of 2025.

Utilizing the metric he developed in 2019, termed the “Lowest Price Forward,” Peterson estimates that BTC/USD is very unlikely to dip below $69,000 again. He stated, "The Lowest Price Forward doesn’t indicate where Bitcoin will be; it demonstrates where Bitcoin is not expected to fall below." He further asserted, "There is a 95% chance it won’t drop below $69k."

Lowest Price Forward chart. Source: Timothy Peterson/X

This forecasting tool has a brief but noteworthy track record. In June 2020, Peterson predicted that Bitcoin would not fall back to four-digit prices after mid-August of that year, a forecast that was confirmed shortly thereafter.

Additionally, in January of this year, he estimated that Bitcoin’s price could reach $1.5 million within a decade, while BTC/USD was trading around $92,000. He remarked, "The year is 2035. Bitcoin is at - and you can hold me to this - $1.5 million. And somewhere someone is asking 'Is now a good time to buy Bitcoin?'"

Anticipated Cooling Off Phase for Bitcoin

Looking ahead, Peterson suggested that Bitcoin's recent surge to $78,000 was not sustainable in the long term.

In late February, he expressed that it would be challenging to push the market below $80,000 based on the Bitcoin Price to Trend metric.

Further analysis on social media indicated that a swift recovery in Bitcoin's price might take some time to materialize. His post from February 25 noted, "Capitulation events like today are always followed by a 2-3 month cooling off period. After that, it's game on again as if nothing ever happened."

Bitcoin Price to Trend chart. Source: Timothy Peterson/X

This article aims to provide insights into Bitcoin price trends and does not offer investment advice. Investing and trading carry inherent risks, and individuals should conduct thorough research before making any financial decisions.

Bitcoin, Price, Forecast