Bitcoin gets $126K June target as data predicts bull market comeback

Q: How long will it take to read this news story?

The story "Bitcoin gets $126K June target as data predicts bull market comeback" has 448 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bitcoin gets $126K June target as data predicts bull market comeback" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.

Q: How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 152 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27053635</li><li>URL: https://chronographically.beamstart.com/news/bitcoin-gets-126k-june-target-17421313277140</li></ul>

Coin Telegraph 12h ago

Bitcoin gets $126K June target as data predicts bull market comeback - Coin Telegraph

Quick Summary:

The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles. “Nearly all of Bitcoin's annual performance occurs in 2 months: April and October. It is entirely possible Bitcoin could reach a new all-time high before June.”Bitcoin seasonal comparison.

Continuing, Peterson stipulated a median target of $126,000 with a deadline of June 1. Alongside a chart showing the performance of $100 in BTC, he also revealed that limp bull market performance has always been temporary.“Bitcoin average time below trend = 4 months,” he explained.“The red dotted trend line = $126,000 on June 1.”Bitcoin growth of $100 comparison.

Source: Timothy Peterson/XA standard Bitcoin bull market comedownOther popular market commentators continue to emphasize that Bitcoin’s recent trip to $76,000 is standard corrective behavior.