Simulation: Bitcoin may reclaim $126K but won't hold it
- —50.4% of paths crossed $126,198 within a year; 34.8% finished above it
- —Median drawdown before first crossing was 18.9%; 90th percentile 30.7%
- —Median time to crossing was 189 days; 11.4% of paths first fell 20%
- —In 42.1% of paths, price closed back below the record after crossing
Why it matters: A price target hides the path: drawdown before the breakout and the ability to hold above the old record matter most to holders.
Source: CryptoSlate