Bitcoin
Bitcoin to hit $135,000 in 100 days? Here's why top analysts believe so
Bitcoin may be on the verge of a massive collapse, 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 VIX have to do with Bitcoin? At the center of Peterson's forecast is VIX, a volatility index that tracks how uncertain investors are about the market. When it spikes, it usually means fear is high. In April, VIX closed above 56, something that has only happened twice in recent history, during the 2008 financial crash and the Covid market panic of 2020. In both cases, what followed was a strong rebound, especially for tech stocks like those on the Nasdaq. Peterson noted that after a rise in VIX, the Nasdaq gained about 10% in the first week, then rose another 40% during the subsequent 100 trading days. Bitcoin behaves like a tech stock. What is surprising is that Bitcoin seems to move in a similar pattern to the historical rebound in Nasdaq. Peterson says data shows that Bitcoin tracks Nasdaq's recovery with 95% accuracy, which is an astonishing similarity. However, since Bitcoin is more volatile, the impact could be greater. If fear in the market (VIX) continues to decline, particularly below 18, which is seen as a 'risk' zone, Peterson expects Bitcoin to reach $107,000 in a few weeks and rise to $135,000 within 100 days. Bitcoin price forecast. As of now, Bitcoin's price is trading around $96,296, reflecting a decrease of 0.51% with a market cap of $1.9 trillion. Looking at the price chart, Bitcoin formed a 'local bottom' between February and April 2025. It also remained above a key line called Kijun, reinforcing the trend. Recently, Bitcoin broke above the April high of $95,173, which now acts as support, a positive sign for further growth. If it surpasses $95,800, the next target could be $99,000, then $110,000 to $115,000. Bitcoin's price action shows it may be ready to break out. If it stays above $95,800, expect more upward momentum soon.
