BlockBeats News, March 16th, according to Cointelegraph's report, analyst Timothy Peterson pointed out in a new chart analysis that Bitcoin is about to enter the traditional strong months — the "Golden Window Period" consisting of April and October. If the historical seasonal pattern repeats, Bitcoin is expected to surge to $126,000 by June 1st, compared to the current price of $82,967, representing a more than 50% upside.
Peterson stated that the current Bitcoin price is close to the historical seasonal fluctuation range's lower limit. In his chart analysis, he emphasized, "Bitcoin has historically spent only 4 months below the trend line on average. The red dashed trend line points to the $126,000 target on June 1st, which aligns closely with the high-speed breakout pace after a corrective phase in historical bull markets. Data shows that there have been five corrections of over 20% since 2023, but each correction has been followed by a stronger rally. The bull market is not over; the current phase is just a short-term pullback."
Market observers generally believe that Bitcoin's correlation with traditional financial assets has strengthened. It may be short-term influenced by the volatility of the U.S. stock market, but its unique deflationary properties and geopolitical hedging demand will lead to an independent trend before June.