Bitcoin historical price metric sees $122K ‘average return’ over 10 months

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Bitcoin
BTCUSD
at $122,000 in 10 months could be an “average return” if history repeats itself.

Key points:

An “informal” Bitcoin price metric gives 88% odds of
BTCUSD
trading higher by early 2027.

$122,000 per coin would mark an “average return” based on prior performance.

Bullish BTC price predictions remain in place despite the current low sentiment.

BTC price ended half of past 24 months higher

New analysis from network economist Timothy Peterson gives almost 90% odds of a BTC price being higher by early 2027.

Bitcoin’s underperformance since Q4 2025 has not removed every bullish BTC price prediction that leverages historical data.

For Peterson, monthly price action over the past two years points to a recovery through the rest of the year.

“50% of the past 24 months have been positive. This implies an 88% chance that Bitcoin will be higher 10 months from now,” he reported on X.

“The average return is exp(60%)-1 = 82% => $122,000. Data goes back to 2011.”

In a previous post, Peterson acknowledged that trailing price performance is more useful for identifying trend “inflection points” than price targets.

“This metric measures frequency, not magnitude. So Bitcoin could trend sideways for months and this metric could still go down. But it is still very useful for identifying inflection points,” he wrote, calling the tool “informal.”

A survey conducted by Peterson on Sunday, meanwhile, underscored existing bearish crypto market sentiment.

Bitcoin bulls double down

As Cointelegraph reported, other market sources continue to beat on a major BTC price recovery in 2026.

Among them is an analysis from Bernstein, which this month offered a $150,000 target, calling Bitcoin’s comedown its “weakest bear case” in history.

US banking giant Wells Fargo additionally sees $150 billion in capital inflows into Bitcoin and stocks by the end of March.

“Speculation picks up with bigger savings…we expect YOLO to return,” analyst Ohsung Kwon wrote in a note last week.
source: https://www.tradingview.com/news/cointelegraph:f73da97d1094b:0-bitcoin-historical-price-metric-sees-122k-average-return-over-10-months/