Bitcoin To Hit $135k in 100 Days? Here’s Why Top Analyst Thinks So
By: bitcoin ethereum news|2025/05/03 18:00:02
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Bitcoin might be on the edge of a massive breakout, at least, that’s what crypto analyst Timothy Peterson believes. Based on key market signals, he says Bitcoin could reach $135,000 in just 100 days, and the reasons behind this are worth a closer look. What Does the VIX Have to Do with Bitcoin? At the center of Peterson’s prediction is the VIX, a volatility index that tracks how uncertain investors are about the market. When it spikes, it usually means fear is high. In April, the VIX closed above 56, something that’s happened only twice in modern history, during the 2008 financial crash and the 2020 COVID market panic. In both cases, what followed was a strong bounce back, especially for tech stocks like those in the NASDAQ. Peterson noticed that after a VIX spike, the NASDAQ gained around 10% in the first week, then soared by another 40% over the next 100 trading days. Bitcoin Is Acting Like a Tech Stock What’s surprising is that Bitcoin seems to be moving in a similar pattern to the NASDAQ’s historical rebound. Peterson says the data shows Bitcoin is tracking the NASDAQ’s recovery with 95% accuracy, a striking similarity. But since Bitcoin is more volatile, the impact could be bigger. If market fear (VIX) continues to drop, especially below 18, which is seen as a “risk-on” zone, Peterson predicts Bitcoin could hit $107,000 in a few weeks and rise to $135,000 within 100 days. Bitcoin Price Outlook As of now, Bitcoin price is trading around $96,296, reflecting a drop of 0.51% with a market cap hitting $1.9 trillion. Looking at the price chart, Bitcoin formed a “local bottom” between February and April 2025. It also stayed above a key line called the Kijun, strengthening the trend. Recently, Bitcoin has broken above its April high of $95,173, which now acts as support, a positive sign for more growth. If it breaks above $95,800, the next target could be $99,000 and then $110,000 to $115,000. Bitcoin’s price action shows it may be ready for a breakout. If it stays above $95,800, expect more upside soon. Source: https://coinpedia.org/news/bitcoin-to-hit-135k-in-100-days-heres-why-top-analyst-thinks-so/
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