Experienced Analyst's Bold Prediction: "Bitcoin Will Not Fall Below This Level Again!" - Gave a Date for the Rise!

Bitcoin, after consecutive declines in recent weeks, rose back above $90,000 amid expectations of the Crypto Summit at the White House on March 7 and renewed FED interest rate cut expectations.

While the uncertainty remains whether this rise is short-lived or the beginning of a new uptrend, experienced analyst said that it's unlikely for BTC to fall below $69,000.

Timothy Peterson has revealed a new floor level for the price of Bitcoin based on the "Lowest Price Forward" metric.

According to this metric, *The analyst stated that it is difficult for the price of Bitcoin to fall below $69,000 **

"The Lowest Price Forward doesn't tell you where Bitcoin will be. It tells you where Bitcoin won't be.

There's a 95% chance of falling below 69 thousand dollars.

Peterson added that the drop of BTC to $78,000 is unsustainable and such deep drops usually lead to a consolidation period of two to three months before the uptrend continues. He mentioned that after that, the uptrend will begin.

"Big dips in Bitcoin are always followed by a 2-3 month cooling-off period. After that, the game starts again as if nothing had happened."