Crypto currency analyst Timothy PetersonAccording to Bitcoin, the next 100 days of the potential to reach $ 135 thousand. Behind this remarkable prediction is that VIX, known as the “Horror Index ında in the financial world, increased above 56 in April. Past data shows strong recovery in technology shares after VIX explosions, and Bitcoin follows the same route. The analyst is the largest with the fact that VIX decreased below 18 levels of risk appetite. crypto currencyalso awaits a quick acceleration.
APRIL SPACE AND BITCOIN PRICE IN VIX
VIXThe rise of 56 in Nisana was recorded as a rare event that was not seen except for the 2008 financial crisis and the collapse of 2020 pandemia. After both periods, the Nasdaq index gained approximately 10 percent in the first week and 40 percent on 100 trading days.
Peterson expects Bitcoin’s latest price movements by 95 percent to Nasdaq’s recovery graph, waiting for a similar even larger leap when the risk appetite returns ”. Because Bitcoin classic Technology sharesIt has a more wavy structure than it, and this can expand the rises with the multiplier effect.
If the VIX fell below the critical 18 threshold, Peterson, who thinks that the markets will enter the “risk can be taken” zone, argues that the first stage of the 107,000 dollar level can be tested. Analyst, fear indexHe stressed that it is reasonable for Bitcoin to reach $ 135 thousand in 100 days if the calming continues. Although historical correlations support this narrative, it also reminded investors to be cautious against sudden changes in market sensitivity.
Analyst’s 100 days 135 thousand dollars estimation
Bitcoin is currently trading with a market value of about $ 1.9 trillion, around $ 96 thousand 296. The first support drawn in the graph is the 95 thousand 173 dollar band that strengthened after the April summit. As the price holds above this level, the next resistors are ranked in the range of 99 thousand and 110–115 thousand. Staying on the line of the kij confirms the positive tendency in the medium term.
If Peterson’s script takes place, Bitcoin can rise from the “local bottom içeris for the last two months and go into a new price discovery. However, increasing macroeconomic voltage, regulatory news flow and liquidity conditions may cause price mobility beyond estimates. The analyst therefore gave the message, “The rise path is open but don’t forget the brake pedal”.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
