Timothy Peterson’s market simulation exhibits a 50% likelihood Bitcoin hits $140K in October.
Bitcoin just lately hit $126K, needing a 14.7% rise to succeed in $140K.
Different analysts, nonetheless, be aware doubtless short-term pullbacks earlier than potential sustained positive factors.
Economist Timothy Peterson has projected that Bitcoin might attain $140,000 earlier than the tip of October, citing data-driven simulations that point out a 50% chance of the world’s largest cryptocurrency closing the month above that mark.
The evaluation, grounded in additional than a decade of Bitcoin’s historic worth behaviour, means that half of the cryptocurrency’s potential October positive factors could have already got occurred.
Knowledge-driven prediction, not hypothesis
Peterson’s projection, shared on X on October 7, 2025, was primarily based on “a whole lot of simulations” utilizing Bitcoin’s day by day worth information since 2015.
“There’s a 50% likelihood Bitcoin finishes the month above $140K,” he wrote, including that there’s a 43% likelihood it might end under $136,000.
In keeping with Peterson, the forecast is solely statistical, not influenced by sentiment or subjective opinion.
He emphasised that the outcomes have been “primarily based purely on actual information, not human emotion or biased opinion,” designed to mirror Bitcoin’s historic volatility and cyclical rhythm.
On the time of his evaluation, Bitcoin was buying and selling at round $122,000, having cooled barely after setting a brand new all-time excessive of $126,200 earlier within the week.
Reaching $140,000 would require a roughly 14.7% achieve from present ranges, a transfer that aligns carefully with Bitcoin’s common October efficiency over the previous decade.
Historic information from CoinGlass exhibits that October has been Bitcoin’s second-best month since 2013, sometimes delivering positive factors of about 20.75%.
October’s historic significance for Bitcoin
Peterson defined that “Bitcoin’s efficiency in October isn’t ‘arrange’ by September, it’s arrange all through your entire 12 months.”
Bitcoin’s efficiency in October is not “arrange” by September, its arrange all through your entire 12 months.
This chart plots Jan–Sept returns vs. October returns since 2015. The stronger Bitcoin performs via the primary 9 months, the stronger October tends to be. October has… pic.twitter.com/MLtqz5znkD
— Timothy Peterson (@nsquaredvalue) October 2, 2025
The economist linked Bitcoin’s seasonal power to broader monetary patterns, akin to the tip of third-quarter portfolio rebalancing, the beginning of fiscal 12 months planning, and the method of year-end reporting home windows for funding funds.
These elements, he steered, create beneficial circumstances for renewed capital inflows into Bitcoin and different threat belongings.
Whereas Peterson’s mannequin presents a probability-based outlook, he cautioned that markets don’t at all times conform completely to historic patterns.
Bitcoin’s previous behaviour has often diverged from expectations even when information indicated excessive confidence ranges.
Nonetheless, he maintains that the mannequin offers a “clear, probability-based image” of the place Bitcoin’s worth is more than likely to maneuver within the quick time period.
Market sentiment leans bullish
Peterson’s forecast comes as market sentiment round Bitcoin stays typically optimistic.
Crypto analysts akin to Jelle and Matthew Hyland have echoed bullish outlooks in latest days, highlighting Bitcoin’s profitable retest of earlier highs and suggesting that momentum might push costs additional upward.
Earlier this week, Jelle posted, “It’s positively over for bears. Ship it larger,” whereas Hyland famous that “the stress is constructing.”
Nonetheless, not all voices available in the market are calling for an instantaneous surge.
Analyst Ardi, recognized for his technical commentary, identified that Bitcoin typically experiences a short-term pullback of round 5% after hitting new all-time highs.
Such strikes, Ardi mentioned, are sometimes adopted by a interval of choppiness and consolidation—a sample that would play out once more earlier than any sustained rally.
$BTC likes to dump ~5% after it hits new ATHs, usually adopted by a interval of chop and consolidation.
Remainder of the market more than likely chops with it. pic.twitter.com/iZMqaUV6Qc
— Ardi (@AltcoinArdi) October 8, 2025
Technical outlook helps Bitcoin’s upward potential
Technical indicators additionally seem to assist a bullish bias within the close to time period.
In keeping with market evaluation, Bitcoin’s key assist stage stands at $120,899, with fast resistance at $124,148 and a better goal of $126,021.
The cryptocurrency is presently buying and selling above all main exponential transferring averages (10, 20, 50, 100, and 200-day EMAs), signalling robust upward momentum.
Projections are that Bitcoin might attain round $121,633 within the coming days, with longer-term forecasts setting formidable worth targets of $221,485 for 2025.
