Economist Timothy Peterson has shared a model suggesting a 50% probability that Bitcoin could exceed $140,000 by the end of October. The model, which analyzes historical Bitcoin price data from 2015 to 2025, also indicates a 43% chance of Bitcoin closing below $136,000. Currently, Bitcoin is trading at approximately $122,032, slightly down from its recent peak of $126,200. Peterson's model is grounded in historical volatility patterns rather than personal opinion. Other analysts, including Jelle and Matthew Hyland, have also expressed optimism about Bitcoin's potential for a market breakout in October, driven by strong institutional demand.