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Bitcoin Targets $126K by June: Bull Market Resurgence in Sight

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.

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Bitcoin (BTC)

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