Bitcoin Price Likely to Surpass $140,000 by October’s End
Recent forecasts suggest Bitcoin (BTC) might exceed $140,000 by October's end. Analysts, using historical and empirical data, see a 50% chance of BTC surpassing this level, marking a potential 15% increase from its current approximate price of $121,000. Conversely, there's a 43% probability it could finish below $136,000.
October Trends and Long-Term Projections
- October traditionally shows strong performance for BTC, with specific days like the 9th, 20th, and 28th historically being bullish.
- Forecasts indicate BTC could maintain a price above $130,000 for most of October.
- The model predicts a slim chance (5%) of BTC ending October below $110,000 or above $170,000.
Long-term projections depict a steady growth pattern within two trend lines since 2022, aiming toward $200,000 in the next 170 days. This scenario is assigned a "better than 50/50 chance," supported by historical recovery patterns and current market structures.
