Bitcoin Correction Timeline: Economist Predicts End Within 40 Days

Economist Timothy Peterson believes that Bitcoin’s current downturn is poised to conclude within the next 40 days, based on historical market data showing similar consolidation phases. He anticipates a pullback to around $73,000 before any significant rebound, despite macroeconomic tensions, including trade disputes between the U.S. and China. 40 days after Peterson’s initial prediction, Bitcoin has largely stayed above the $80,000 mark with resilience against market fluctuations.