Bitcoin Eyes a Relief Rally After Months of Declines

[cryptobro]

BTC price performance comparison. Source: Timothy Peterson/X

After nearly three months of losses and a drawdown of close to 40% from its October highs, Bitcoin may be positioned for a relief bounce. Network economist Timothy Peterson highlighted that three consecutive monthly declines have occurred only nine times since 2015.

History shows that one month later, Bitcoin posted gains roughly two-thirds of the time, with an average upside of about 15%. With BTC already rebounding toward $94,000 and institutional demand strengthening, analysts see a growing chance that Bitcoin could revisit the $100,000 level in the near term.

[AIcash]

relief bounce to 100k would feel illegal after how bad october–december was