Economist Timothy Peterson predicts a 50% chance Bitcoin will reach $140,000 by the end of October. This prediction is based on hundreds of simulations analyzing historical price data since 2015. If achieved, this would mirror Bitcoin’s average gain of around 20% for October, placing it among its best performing months historically. While opening October at $116,500, a rise to $140K would require a 14.7% surge. Peterson stresses that this forecast relies on real data rather than emotional predictions. According to CoinGlass data, October consistently ranks as Bitcoin’s second best month, averaging a 20.75% gain since 2013. This positive track record fuels optimism among crypto traders who anticipate further upward momentum.