Bitcoin could hit $160,000 by the end of the year, according to an analysis of the ”average Q4 rebound”

Bitcoin has emerged from its recent bear market and is expected to hit a new all-time high by Christmas.
Based on past patterns, there is an average upside potential of 44% by the end of the year, which is
The analysis suggests that the coin could rise to around $160,000.
Peterson expressed optimism in a report published on X this week, saying, "Bitcoin's Q4 outlook is positive, but volatility will decline."
"Bitcoin has risen 70% of the time between now and Christmas, with an average increase of about 44%," he explained.
According to Readingview data, this would mean that the price of Bitcoin would reach around $160,000 by the end of the year. However, he emphasized that such expectations are not an absolute rule, saying,
"It is appropriate to exclude certain years such as 2018, 2020, 2017, and 2022 from the statistics because market and economic conditions there are not comparable to the current ones," he added.
He predicted that the year will likely unfold in a "positive but less volatile uptrend than in the past." Some traders believe Bitcoin's recent correction follows a traditionally bearish September period.
"The scale is different, but the result is the same: much higher prices," said trader Donny.
He also mentioned the phenomenon of correlation with gold prices, saying, "The relationship in which Bitcoin follows the movement of gold with a certain delay has continued in recent years.
"This is happening," he pointed out.