Why The Price Will Cross $140,000 By The End Of October


New Bitcoin (BTC) price forecasts recommend that the main cryptocurrency might cross $140,000 earlier than the top of October. Based mostly on historic knowledge and superior empirical modeling, a crypto analyst has confirmed that the likelihood of Bitcoin ending the month above this key degree seems more and more doubtless. 

Bitcoin Worth Set For Main October Rally

Based on a worth prediction shared by crypto analyst and economist Timothy Peterson on X social media, Bitcoin’s trajectory in October appears promising. His AI-based bootstrapped simulation chart additionally means that half of the month’s positive aspects might have already been realised. 

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The empirical mannequin, which pulls on knowledge from October 2015 to 2024, reveals a 50% likelihood that BTC might finish the month above $140,000, representing a roughly 15% surge from present ranges of round $121,000. Moreover, the mannequin signifies a 43% likelihood that the Bitcoin worth will end under $136,000 inside the identical time-frame. 

Peterson’s chart shows noticed every day costs main into October 2025 and a projected vary extending into early November. The mannequin’s imply prediction, represented by the dashed blue line, suggests a gradual climb from the $120,000 vary towards the $140,000 mark. The 68% confidence interval stays comfortably positioned above $130,000 for a lot of the forecast interval. 

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Supply: Chart from Timothy Peterson on X

The mannequin additionally features a 95% confidence interval, proven by the broader orange band, which highlights the total vary of doubtless outcomes. It means that Bitcoin has solely a slight probability, about 5%, of ending October under $110,000 and above $170,000.   

Apparently, Peterson noted in an earlier publish that October has historically been one of Bitcoin’s strongest months. His evaluation highlights that particular days inside the month, together with the ninth, twentieth, and twenty eighth, have been bullish 71% of the time, whereas the twenty ninth has seen positive aspects 78% of the time since 2015. This historic tendency of October surges lends further weight to the analyst’s bullish Bitcoin worth forecast, suggesting that recurring patterns might assist propel the cryptocurrency to new all-time highs quickly.  

Lengthy-Time period BTC Setup Helps Regular Development Towards $200,000

In one other report, Peterson presented a chart illustrating Bitcoin’s long-term worth construction since 2022. Whereas he clarified that he’s not a proponent of conventional technical evaluation, he emphasised his perception in repeating market cycle patterns. The chart depicts Bitcoin’s price movement inside two parallel purple pattern strains, displaying a constant upward trajectory since the market bottom

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Inside this framework, a number of inexperienced upward segments point out recurring phases of fast worth appreciation. Based on this cyclical mannequin, Bitcoin stays firmly inside a longtime development channel, projecting a potential rise toward $200,000 inside the subsequent 170 days. Peterson assigned this bullish state of affairs a “higher than 50/50 probability,” suggesting that present market construction and historic restoration patterns assist the case of continued Bitcoin price appreciation well into 2026

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BTC buying and selling at $121,398 on the 1D chart | Supply: BTCUSDT on Tradingview.com

Featured picture from Pixabay, chart from Tradingview.com



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