Bitcoin

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  Bitcoin falling back to $25,000 would mark its "last big dip" before the next BTC price bull run, says Cane Island's Timothy Peterson. 
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 <p>Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer.</p> 
 <p>In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50.</p> 
 <h2 id="btc-price-may-see-last-big-dip-in-september">BTC price may see "last big dip" in September</h2> 
 <p>While Bitcoin bulls continue their breakout attempts above $30,000, various popular traders and analysts have their sights on lower levels.</p> 
 <p>Peterson, well known for his technical insights, now believes that typical August and September performance may yield a return to the $25,000 mark.</p> 
 <p>Uploading a chart of monthly performance statistics for BTC/USD to X, he concluded that a “last big dip” may hit before September is over. Put another way, BTC price downside over the next six weeks or so could top 15%.</p> 
 <p>“There is a 50% chance that bitcoin will drop below $25,000 before the end of September,” accompanying commentary stated. </p> 
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   “This would be the last big dip before the next big bull run cycle commences.” 
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  <img src="https://cdn.thebittimes.com/images/2023/08/09/6b2448a5551af5b34612eceb56437e3a.webp"> 
  <figcaption style="text-align: center;"> <em>BTC/USD monthly returns comparison. Source: Timothy Peterson/Twitter</em> 
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 <p>As Cointelegraph reported, September is traditionally a “bad” month for Bitcoin bulls. Since 2017, BTC price action has finished the month lower than its starting price every year.</p> 
 <p>August, meanwhile, is a mixed bag, offering either modest gains or modest losses with 2017 as a notable exception.</p> 
 <h2 id="bitcoin-best-price-forward-says-100-000-by-mid-2026">Bitcoin Best Price Forward says $100,000 by mid-2026</h2> 
 <p>Continuing, Peterson doubled down on Bitcoin’s bullish outlook.</p> 
 <p><strong><em>Related:&nbsp;Bitcoin price can go ‘full bull’ next month if 200-week trendline stays</em></strong></p> 
 <p>In addition to predicting a final significant retracement before the bull run, recent <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> gave a deadline of less than 1,000 days — less than three years — for BTC/USD to hit a giant $100,000.</p> 
 <p>This came courtesy of the “Lowest Price Forward” metric, which delivers price prognoses for specific dates in the future. </p> 
 <p>Formerly known as a calculator of Bitcoin’s “never look back price,” Its claim to fame lies in correctly predicting Bitcoin’s last ever visit to $10,000 in September 2020.</p> 
 <p>“If you dismissed Bitcoin's ‘Lowest Price Forward’ trend because of the dip in 2022, remember that Bitcoin's price normally dips below the trend after a bear market,” a confident Peterson wrote in an X post on Aug. 8.</p> 
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   “Bear markets are for waiting, not doubting. Bitcoin is less than 1000 days away from $100K.” 
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  <img src="https://cdn.thebittimes.com/images/2023/08/09/aa5f70e0b65297c3f30f45f5961e27f2.webp"> 
  <figcaption style="text-align: center;"> <em>Bitcoin Lowest Price Forward annotated chart. Source: Timothy Peterson/Twitter</em> 
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 <p><strong><em>Magazine: Deposit risk: What do crypto exchanges really do with your money?</em></strong></p> 
 <p class="post-content__disclaimer">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. </p> 
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Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis

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