Economist Timothy Peterson puts Bitcoin price forecast at $140,000 by end of this month
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Timothy Peterson’s market simulation shows a 50% chance Bitcoin hits $140K in October. Bitcoin recently hit $126K, needing a 14.7% rise to reach $140K. Other analysts, however, note likely short-term pullbacks before potential sustained gains. Economist Timothy Peterson has projected that Bitcoin could reach $140,000 before the end of October, citing data-driven simulations that indicate a 50% probability of the world’s largest cryptocurrency closing the month above that mark. The analysis, grounded in more than a decade of Bitcoin’s historical price behaviour, suggests that half of the cryptocurrency’s potential October gains may already have occurred. Data-driven prediction, not speculation Peterson’s projection, shared on X on October 7, 2025, was based on “hundreds of simulations” using Bitcoin’s daily price data since 2015. “There is a 50% chance Bitcoin finishes the month above $140K,” he wrote, adding that there is a 43% chance it could finish below $136,000. According to Peterson, the forecast is purely statistical, not influenced by sentiment or subjective opinion. He emphasised that the results were “based purely on real data, not human emotion or biased opinion,” designed to reflect Bitcoin’s historical volatility and cyclical rhythm. At the time of his analysis, Bitcoin was trading at around $122,000, having cooled slightly after setting a new all-time high of $126,200 earlier in the week. Reaching $140,000 would require a roughly 14.7% gain from current levels, a move that aligns closely with Bitcoin’s average October performance over the past decade. Historical data from CoinGlass shows that October has been Bitcoin’s second-best month since 2013, typically delivering gains of about 20.75%. October’s historical significance for Bitcoin Peterson explained that “Bitcoin’s performance in October isn’t ‘set up’ by September, it’s set up throughout the entire year.” Bitcoin’s performance in October isn’t “set up” by September, its set up throughout the entire year. This…
