The optimistic forecast time that Bitcoin prices will reach new records is quickly lacking. Many analysts initially predicted that the market’s leading cryptocurrencies would reach a $200,000 milestone this year.
However, over time, these forecasts have been adjusted, with some traders lowering the price targets for crypto forecasting platforms. Nevertheless, the possibility of a new all-time high (ATH) remains for the rest of the year.
Historical data points to new records for the fourth quarter
Recently, Bitcoin prices have once again skyrocketed above the heavily $120,000 threshold. resistance Barriers over the past few months. However, it is located close to the weekly on top of this mark, allowing Bitcoin to set the stage for new heights.
This price transfer followed the release of softer private pay data and strengthened expectations for potential interest rate cuts from the Federal Reserve.
Related readings
According to the CME FedWatch tool, traders are now estimate The chances of a quarter point reduction on October 29th are 99%, a significant increase from 86% just a week ago.
As a result, Motley Fool analysts remain optimistic. suggestion Bitcoin prices could potentially reach its $140,000 price target by the beginning of 2026. Historical data supports this optimism as Bitcoin has consistently strong performance in the fourth quarter (fourth quarter).
Over the years from 2013 to 2024, Bitcoin’s average fourth quarter returns were impressive at 85%. In particular, in 2020, Bitcoin rose 168% in the last quarter, but in 2017 it rose 215%. And going back to 2013, Bitcoin posted an extraordinary 480% return.
Bitcoin Price Key Month
Looking at the data, October and November historically demonstrate significant turning points in Bitcoin prices. November was the most advantageous, with an average return of 46% and October continued closely at 22%.
Related readings
Current forecasts from Forecast Market It suggests that traders are giving Bitcoin a 63% chance of recovering $125,000 by the end of the year. By early 2026, there is an estimated 47% chance that Bitcoin will reach $130,000, while 32% chance that it will reach $140,000.
However, with just 22% of the chances of reaching $150,000 this year, the window to reach $200,000 is closed soon.
Despite being optimistic, analysts at Motley Fool have noted that market sentiment has been getting worse since August. The forecast market reflects this shift, indicating that there is a 6% chance that Bitcoin will fall below $70,000. Plus, there’s a 2% chance that Bitcoin will cost less than $50,000.
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