Based on Bitcoin’s price at the start of October, a $140,000 price tag by the end of the month is consistent with its average gains in October over the years.
Bitcoin has a 50% probability of surpassing $140,000 this month, according to simulations using data from the past decade, says economist Timothy Peterson.
“There is a 50% chance Bitcoin finishes the month above $140k,” Peterson said in an X post on Wednesday. “But there is a 43% chance Bitcoin finishes below $136k,” he added.
Bitcoin (BTC) would need to gain about 14.7% to reach $140,000 at its current price of $122,032, which has cooled after the original cryptocurrency set a new all-time high of $126,200 on Monday, according to CoinMarketCap.
