Bitcoin can reach $138K in 3 months as macro odds see BTC price upside

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Related: Bitcoin price volatility 'imminent' as speculators move 170K BTC — CryptoQuant“This level of BTC-USD correlation is unprecedented. The relationship is not causal, but reflective of underlying conditions affecting both,” he explained.  “Historically inverse, the relationship flipped in 2024 as both assets began responding to the same macro stressors: tightening liquidity, high real rates, and global risk aversion.  BTC will decouple and rise when real yields drop + liquidity returns.”BTC/USD vs.US dollar index (DXY).

For Peterson, the US High Yield Index Effective Yield, currently at over 8%, holds the key.“This has happened 38 times since 2010 (monthly data),” he summarized. “3 months later: Bitcoin was up 71% of the time.

Source: Timothy Peterson/XWith BTC/USD performance thus skewed to the upside, Peterson gave hope to those waiting for a rematch of all-time highs from January.“This likely puts Bitcoin between $75k and $138k within 90 days,” he concluded.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: “this Dollar Yield (dxy) Index Bitcoin Price Peterson Correlation Cointelegraph All-time

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 14:07:54 (5 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28094205

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