Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend but are divided about the next directional move in Bitcoin.
Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%. There have been 38 such instances since 2010, and Bitcoin has risen 71% of the time three months later. Bitcoin recorded a median gain of 31% and the worst loss of -16%. Based on historical data, Peterson anticipates Bitcoin to trade between $75,000 and $138,000 within 90 days.
Crypto market data daily view. Source: bitcoin prepares launch could follow
