Analyst Timothy Peterson predicts that Bitcoin could reach $135,000 in the next 100 days due to favorable macroeconomic conditions. He highlights a significant drop in the CBOE Volatility Index (VIX) from 55 to 25 over the past 50 trading days, indicating a 'risk-on' environment that supports investments in assets like Bitcoin. Peterson’s model, with a 95% tracking accuracy, suggests that if the VIX stays low, a new all-time high is attainable. Jurrien Timmer from Fidelity compares Bitcoin's dual role as a store of value and a speculative asset, noting it reacts favorably when both the money supply, M2, grows and the stock market rallies. Additionally, the stablecoin market cap recently reached $220 billion, indicating increasing liquidity in crypto markets as Bitcoin exits a bearish phase. However, lower-time frame charts show negative funding rates for BTC futures, indicating increased short positions that could lead to a short squeeze, further propelling Bitcoin toward the $100,000 mark. Over $3 billion in short-side liquidations could amplify this upward momentum as traders bet against the rally.

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