Timothy Peterson Predicts Bitcoin Could Surge to $138,000 in 90 Days

Bitcoin is anticipated to reach $138,000 within 90 days, according to analyst Timothy Peterson. He cites historical data showing that in similar conditions, Bitcoin has risen 71% of the time. Current price hovering is around $85,300, and a 60% climb is needed to hit the target. Peterson also discusses Bitcoin’s correlation to the US dollar index and macroeconomic conditions influencing both.

Bitcoin (BTC) has experienced fluctuations between $75,000 and $87,000 recently, driven by geopolitical tensions arising from President Trump’s tariff policies. Despite this volatility, Timothy Peterson, a notable analyst, predicts a substantial price surge. He suggests that historical data indicates Bitcoin could achieve a target of $138,000 within the next three months, as BTC prepares for a significant price movement.

In his recent update on X (formerly Twitter), Timothy Peterson, known for his analysis titled “Metcalfe’s Law as a model for Bitcoin’s Value,” highlighted the US High Yield Index Effective Yield, currently over 8%, as pivotal for Bitcoin’s future trajectory. Peterson illustrated that, since 2010, there have been 38 instances where similar conditions led Bitcoin to increase in value 71% of the time within three months, with a median price gain of +31%. He concluded that Bitcoin could range between $75,000 and $138,000 in this period.

Currently, Bitcoin trades slightly above $85,300, requiring a 60% increase to reach the anticipated $138,000 level. Peterson also addressed the decline of the US dollar index (DXY) amidst ongoing trade disputes, noting its unprecedented correlation with Bitcoin. He argues this correlation is misleading as both assets are influenced by shared macroeconomic stressors rather than a causal relationship.

Peterson observed that the historical inverse relationship between Bitcoin and the DXY altered in 2024, as both have begun to react to similar liquidity challenges and global market risks. He believes Bitcoin will eventually decouple from the DXY, anticipating a price increase as liquidity returns and real yields decline, reinforcing his bullish outlook on Bitcoin’s future price movements.