Analysts predict that Bitcoin could reach a price of $135,000 within the next 100 days if certain macroeconomic conditions remain stable. Timothy Peterson, a Bitcoin network economist, linked Bitcoin’s performance to the CBOE Volatility Index (VIX), noting that a low VIX, which signals investor confidence, could lead to increased demand for Bitcoin. The VIX has recently dropped from 55 to 25, suggesting a favorable market environment. Peterson’s model boasts a 95% accuracy rate for forecasting price movements and highlights how a low VIX encourages investment in riskier assets like Bitcoin. Additionally, Fidelity’s Jurrien Timmer pointed out Bitcoin’s dual nature as both a store of value and a speculative asset, further differentiating it from traditional assets like gold. Recent data revealed that the stablecoin market cap has reached a record $220 billion, indicating an influx of liquidity to the crypto market. Conversely, bearish sentiment in futures markets is reflected in negative funding rates, suggesting a potential short squeeze that could push Bitcoin's price towards $100,000 with over $3 billion in short positions at risk of liquidation.

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