Bitcoin ‘Monte Carlo’ model forecasts $713K peak in 6 months
The statistical tool highlighted a broad price target for Bitcoin, which ranged between $51,430 and $713,000, with a mean average of $258,445 by September 2025.
Bitcoin (BTC) registered a daily and weekly close at $80,688 on March 9, the lowest close since Nov. 11, 2024.
Bitcoin also dropped below its key 200-day exponential moving average (200-D EMA) for the second time in two weeks, indicating further high time frame (HTF) weakness in the charts.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
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Author: Biraajmaan Tamuly
