Economist Timothy Peterson forecasts an 88% probability that Bitcoin will rise above its current level by December 2026. His analysis, based on CoinGlass data, highlights that 50% of the past 24 months recorded positive returns, suggesting a potential market turning point. Despite Bitcoin trading at approximately $68,173, down 25% from its yearly high, Peterson's model indicates structural upside potential amid the current bear market. The Crypto Fear & Greed Index has plunged to "Extreme Fear" at 9, reflecting cautious market sentiment. Social media discussions on Bitcoin predictions have also diminished, with overall sentiment trending neutral, according to Santiment data.