Bitcoin on Track for New All-Time High Within 3–6 Weeks, Says Analyst

According to economist Timothy Peterson, Bitcoin is pacing toward a new all-time high (ATH) of $107,000 within the next 3 to 6 weeks, based on historical recovery data from the NASDAQ and adjusted for Bitcoin’s beta. Peterson’s chart draws a comparison between post-crisis NASDAQ recoveries (specifically March 2009 and April 2020) and Bitcoin’s recent price action. When adjusted for Bitcoin’s higher volatility (beta = 1.33), the projection aligns Bitcoin’s current path with a rapid upside trajectory. “Bitcoin is mirroring the NASDAQ’s recovery after the VIX hit 55,” Peterson notes — pointing to a period of historical bullishness that followed extreme market fear. The orange line on the chart represents Bitcoin’s current performance, plotted against the NASDAQ’s past post-crisis trends. If the pattern continues, the $107,000 target could be reached within roughly 50–70 trading days from the start of this rally — which aligns with a mid-to-late June window. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/bitcoin-on-track-for-new-all-time-high-within-3-6-weeks-says-analyst/