Bitcoin Sees 50% of Past 24 Months Close Positive: Economist
Summary
Economist Timothy Peterson stated that 50% of the past 24 months have resulted in positive returns for Bitcoin, implying an 88% probability that the price will be higher ten months from now. Peterson uses this metric to identify potential inflection points. This analysis comes as Bitcoin trades significantly below its early-year highs, with current market sentiment leaning towards "Extreme Fear," although some analysts predict short-term gains while others foresee a longer period before a true bottom is reached in October 2026. Separately, traders are pricing in a higher chance for November to be Bitcoin's best month in 2026, historically averaging a 41.13% return since 2013.
(Source:Cointelegraph)