New Bitcoin highs could take 2 to 6 months but data says it’s worth the wait: Analysis

Key takeaways:

Bitcoin analyst Timothy Peterson expects two to six months for recovery, though forecasts remain divided.
One model cites historical price action breakout phases from 2017, 2021, and 2024.

Bitcoin’s (

Market reset for Bitcoin’s next phase remains active

Despite widespread caution, Bitcoin commentator Shanaka Anslem Perera presented a contrasting view, arguing that the recent correction may actually prime BTC for a parabolic phase.

Perera said 29.2% of Bitcoin’s supply is now underwater, a level historically preceding major rallies. Perera pointed out that similar metrics appeared before the 2017, 2021, and 2024 bull runs, each leading to 150% to 400% gain within six months.

According to Perera, leverage across derivatives markets has been flushed out, while long-term holders now control roughly 70% of supply. Institutional accumulation through ETFs and rising stablecoin reserves suggests “liquidity is recharging beneath the surface.”

The analyst concluded that, unless triggered by a major macro or geopolitical shock, Bitcoin’s current structure mirrors previous pre-breakout conditions, with the next 180 days potentially marking the start of another explosive cycle.

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