Bitcoin Bull Market Returns: Targeting $126,000 by June
Bitcoin’s recent price drop has stirred concern among some traders, but seasoned market participants view it as a typical correction within a bullish cycle. Historically, BTC’s most significant rallies have followed such pullbacks, and as summer approaches, more analysts are anticipating the next big surge. One even projects a bold target of $126K by June.
Correction or the Beginning of a Decline?
Currently, Bitcoin is trading around $83,460—nearly 30% below its January peak. At first glance, this may appear alarming, but it’s well within the norm: corrections during an upward trend are a natural part of the cycle, not a sign of reversal.
Economist Timothy Peterson, known for his accurate market forecasts, believes this is merely a temporary dip. According to his analysis, Bitcoin’s biggest annual moves typically occur in April and October—and this year is likely no exception.
“Virtually all of Bitcoin’s annual gains happen in just two months. And we’re in one of them,” Peterson noted.
$126,000 Target: Fantasy or Strategy?
According to Peterson’s model, dubbed “Lowest Price Forward,” there is strong support for BTC at $69,000, with a 95% chance it holds. This model correctly predicted that Bitcoin would never fall below $10,000 after March 2020—and has remained highly accurate.
If history repeats itself and that support remains intact, the average target price of Bitcoin could reach $126,000 by June 1. Data also shows that Bitcoin typically spends no more than four months below its trend line—suggesting the next growth phase could start very soon.
Corrections Are Part of the Game
Popular crypto trader Rekt Capital emphasizes that price drops are not breakdowns—they’re part of a healthy market cycle. Over the past two years, he’s tracked five similar retracements, each followed by a rebound and continued growth.
Bitfinex analysts echo this view, calling the current decline a “shakeout” rather than the start of a prolonged bear market. In their view, such pullbacks are simply part of Bitcoin’s volatile path to new highs.
What’s Next?
Given the cyclical nature of the crypto market and BTC’s historical behavior, the current correction could be less of a downturn and more of an entry point ahead of the next bull run. The $126K scenario is ambitious but realistic—if previous trends and sentiment are any indication.
Conclusion
The Bitcoin market continues to reflect dynamics typical of bull cycles. Considering both fundamental and technical signals, the coming months could be especially volatile—and potentially profitable—for investors.
Are you ready for the next breakout?
Share in the comments what your BTC target is for this summer!
Subscribe to the blog to stay updated with analysis and crypto insights.