Bitcoin’s price history suggests that April and October are among its strongest months, and if this pattern holds, BTC could be on the verge of a major rally.
According to network economist Timothy Peterson, Bitcoin has just over two months to surpass its all-time high of $109,000—and his data predicts it could surge to $126,000 by June 1.
April Could Ignite a 50% Bitcoin Price Upside
Bitcoin has seen a 30% decline since its January peak, but analysts argue that this is a typical bull market correction rather than the start of a bearish phase. Peterson points out that BTC is currently trading near the lower end of its historical seasonal range, setting the stage for a potential breakout.
“Nearly all of Bitcoin’s annual performance occurs in just two months: April and October,” Peterson shared alongside a chart analyzing BTC’s price cycles. “It is entirely possible Bitcoin could reach a new all-time high before June.”
His Lowest Price Forward metric—historically used to predict levels Bitcoin will never trade below once surpassed—suggests that $69,000 is now a new potential floor with a 95% chance of holding.
Additionally, Peterson’s calculations show that Bitcoin’s average time below trend is only four months, meaning that its recent downturn could soon reverse, aligning with the projected $126,000 target for June.
Bitcoin’s Pullback: A Normal Bull Market Move?
Bitcoin’s dip to $76,000 in March triggered concerns, but market analysts stress that such corrections are a natural part of the cycle.
“You don’t have to look at previous BTC bull runs to understand that corrections are a part of the cycle,” noted trader and analyst Rekt Capital.
Historical trends support this outlook. Since early 2023, Bitcoin has undergone five major pullbacks, each followed by a strong rebound. Analysts at crypto exchange Bitfinex also emphasized that current market lows represent a “shakeout” rather than the end of the bull run.
The Road to $126K: What’s Next for Bitcoin?
With Bitcoin historically performing best in April and October, the coming months could be pivotal for its price trajectory. As on-chain data, historical trends, and analyst predictions all point toward a strong recovery, the stage is set for Bitcoin’s next big rally.
If history repeats itself, BTC could not only surpass its all-time high but enter uncharted price discovery territory—potentially hitting $126,000 before June.