Analysis: April and October are traditionally strong months for Bitcoin, and BTC may see a strong rebound before June

Odaily Planet Daily News Analyst Timothy Peterson pointed out in a new chart report that Bitcoin is about to enter the traditional strong months - the "golden window period" composed of April and October. If the historical seasonal pattern repeats itself, Bitcoin is expected to hit $126,000 before June 1, which is more than 50% higher than the current price of $82,967. He said that the current price of Bitcoin is close to the lower limit of the historical seasonal fluctuation range, and emphasized in his chart analysis that "the average length of time that Bitcoin is below the trend line is only 4 months, and the red dotted trend line points to the target of $126,000 on June 1, which is highly consistent with the rhythm of the historical bull market correction. Data shows that there have been five corrections of more than 20% in the current cycle since 2023, but each correction has been accompanied by a stronger rise. The bull market has not gone away, and it is only a short-term correction at present." Market observers generally believe that Bitcoin has strengthened its linkage with traditional financial assets, and may be affected by the volatility of US stocks in the short term, but its unique deflationary properties and geopolitical risk aversion demand will enable it to go out of an independent market before June. (Cointelegraph)