Bitcoin Aims for New Heights: A Promising Outlook Ignites Interest

By: cointurk|2025/05/04 00:15:02
0
Share
copy
According to cryptocurrency analyst Timothy Peterson, Bitcoin $ 96,514 has the potential to reach $135,000 in the next 100 days. This notable prediction is linked to the VIX, known in financial circles as the “fear index,” which surged past 56 in April. Historical data indicates that tech stocks experience robust recoveries following VIX spikes, and Bitcoin is reportedly following a similar trajectory. Peterson expects rapid momentum in the largest cryptocurrency once the VIX dips below the 18 level, indicating a return of risk appetite. April’s VIX Surge and Bitcoin Price Impact The VIX climbing above 56 in April was a rare event, not observed since the 2008 financial crisis and the 2020 pandemic crash. Following both periods, the Nasdaq index gained approximately 10% in the first week and around 40% in the subsequent 100 trading days. Peterson compares Bitcoin’s recent price movements to the Nasdaq’s recovery chart, seeing a 95% resemblance and anticipating a similar or even greater leap “when risk appetite returns.” Bitcoin’s more volatile nature compared to traditional tech stocks means its upward moves can be magnified. Should the VIX fall below the critical threshold of 18, Peterson argues that markets will enter a “risk-on” area, with Bitcoin potentially testing the $107,000 level initially. He emphasized that if the calm in the “fear index” persists, reaching $135,000 within 100 days seems plausible. Although historical correlations support this narrative, he also cautioned investors to stay wary of sudden shifts in market sentiment. Analyst’s 100 Days to $135,000 Forecast Bitcoin is currently trading around $96,296, with a market cap of approximately $1.9 trillion. The chart highlighted the first support level at the $95,173 range, strengthened after the April peak. As long as prices maintain above this band, the next resistances appear at $99,000 and between $110,000-$115,000. Staying above the Kijun line confirms a positive medium-term trend. Should Peterson’s scenario unfold, Bitcoin could enter a new phase of price discovery, rebounding from the “local bottom” established over the last two months. However, heightened macroeconomic tensions, regulatory news flow, and liquidity conditions may lead to volatility beyond these predictions. Hence, the analyst advises, “The path for gains is clear, but don’t forget the brake pedal.”

You may also like

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase

Overview of Important Market Events on March 18

Bitmain, mired in controversy, has found its strongest backing in the United States

Bitmain has been mired in controversies over the safety of its mining machines for years, but this has not stopped it from engaging in business cooperation with key members of the U.S. presidential family.

Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote

The Federal Reserve has again kept interest rates unchanged, stating that the situation in the Middle East has an uncertain impact for now. Governor Milan believes that interest rates should be cut by 25 basis points. The dot plot still indicates an expected rate cut once this year.

Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years

Tally chooses to take proactive stop-loss measures instead of stubbornly selling tokens and making promises that cannot be fulfilled.

SEC’s Stance on Crypto Assets: Most Not Considered Securities

Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…

South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents

Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…

Popular coins

Latest Crypto News

Read more