ChainCatcher news reports that, according to Cointelegraph, crypto economist Timothy Peterson’s latest analysis indicates that Bitcoin still has structural upside potential during the current bear market correction: 50% of the past 24 months have recorded positive returns, suggesting a higher probability of a positive turning point within any 24-month cycle.
Based on this, Peterson estimates that the probability of Bitcoin being higher than its current level in the next 10 months is 88%. He emphasizes that this statistical model shows the market may be approaching a turning point rather than continuing to decline. Currently, Bitcoin is priced at approximately $68,173, down nearly 25% from its early-year high, erasing most of the gains made after the 2024-2025 US elections; the Crypto Fear & Greed Index has fallen to “Extreme Fear” at 9 points, social media Bitcoin sentiment has dried up, and market sentiment has become more neutral.
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