Analyst: Bitcoin bull market may return in June, median price target is expected to touch $126,000

Bitcoin has fallen 30 per cent since peaking in mid-January, but network economist Timothy Peterson believes the bull market could return, saying: "Bitcoin is currently trading near the low end of its historical seasonal range, and Bitcoin's annual performance almost always occurs in two months: April and October, which means it is entirely possible that Bitcoin will reach an all-time high by June, with a median price target of $126,000 expected."