Bitcoin could potentially reach $138,000 in the next three months, according to network economist Timothy Peterson, who analyzed current macroeconomic conditions and BTC price probabilities. Despite challenging economic factors, he noted that historically, Bitcoin has risen 71% of the time following similar conditions, with a median gain of 31%. In his calculations, Peterson established a price range of $75,000 to $138,000 for Bitcoin, dependent on achieving a 62% increase in value within that time frame. He also discussed the unusual correlation between Bitcoin and the US dollar index (DXY), suggesting an eventual decoupling where Bitcoin would rise if liquidity returns and real yields decline. The DXY remains below the key threshold of 100, indicating a potential benefactor for Bitcoin amid dollar weakness. Peterson's insights reflect ongoing trends and fluctuations in the cryptocurrency market, emphasizing the necessity for investors to remain informed during these volatile times.

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