Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October
New Bitcoin (BTC) price forecasts counsel that the main cryptocurrency may cross $140,000 earlier than the top of October. Based on historic knowledge and superior empirical modeling, a crypto analyst has confirmed that the chance of Bitcoin ending the month above this key stage seems more and more seemingly.
Bitcoin Price Set For Major October Rally
According to a value prediction shared by crypto analyst and economist Timothy Peterson on X social media, Bitcoin’s trajectory in October appears promising. His AI-based bootstrapped simulation chart additionally means that half of the month’s positive aspects could have already been realised.
The empirical mannequin, which attracts on knowledge from October 2015 to 2024, reveals a 50% chance that BTC may finish the month above $140,000, representing a roughly 15% surge from present ranges of round $121,000. Additionally, the mannequin signifies a 43% chance that the Bitcoin value will end beneath $136,000 throughout the similar time-frame.
Peterson’s chart shows noticed day by day costs main into October 2025 and a projected vary extending into early November. The mannequin’s imply prediction, represented by the dashed blue line, suggests a gradual climb from the $120,000 vary towards the $140,000 mark. The 68% confidence interval stays comfortably positioned above $130,000 for a lot of the forecast interval.
The mannequin additionally features a 95% confidence interval, proven by the broader orange band, which highlights the complete vary of seemingly outcomes. It means that Bitcoin has solely a slight likelihood, about 5%, of ending October beneath $110,000 and above $170,000.
Interestingly, Peterson noted in an earlier put up that October has historically been one of Bitcoin’s strongest months. His evaluation highlights that particular days throughout the month, together with the ninth, twentieth, and twenty eighth, have been bullish 71% of the time, whereas the twenty ninth has seen positive aspects 78% of the time since 2015. This historic tendency of October surges lends extra weight to the analyst’s bullish Bitcoin value forecast, suggesting that recurring patterns may assist propel the cryptocurrency to new all-time highs quickly.
Long-Term BTC Setup Supports Steady Growth Toward $200,000
In one other report, Peterson presented a chart illustrating Bitcoin’s long-term value construction since 2022. While he clarified that he’s not a proponent of conventional technical evaluation, he emphasised his perception in repeating market cycle patterns. The chart depicts Bitcoin’s price movement inside two parallel pink development traces, exhibiting a constant upward trajectory since the market bottom.
Within this framework, a number of inexperienced upward segments point out recurring phases of fast value appreciation. According to this cyclical mannequin, Bitcoin stays firmly inside a longtime progress channel, projecting a potential rise toward $200,000 throughout the subsequent 170 days. Peterson assigned this bullish situation a “higher than 50/50 likelihood,” suggesting that present market construction and historic restoration patterns help the case of continued Bitcoin price appreciation well into 2026.
