Summary
- Analyst Timothy Peterson suggested the possibility of Bitcoin reaching an all-time high within the next 100 days.
- He predicted that if the VIX index declines and the market risk preference strengthens, Bitcoin could reach $135,000.
- Currently, Bitcoin is showing strength, trading at $96,731.
An analysis has emerged suggesting that Bitcoin (BTC) could reach an all-time high within the next 100 days.
According to Cointelegraph, a cryptocurrency-focused media outlet, Bitcoin analyst Timothy Peterson stated, "Analyzing the relationship between the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) and Bitcoin prices, the VIX index has fallen from 55 to 25 over the past 50 days." The VIX index is an indicator that can observe investor risk preference, and if the index falls below 18, the market is considered to be in a 'risk-on' state.
Peterson predicted, "If the VIX remains at a low level, Bitcoin could reach $135,000 within the next 100 days." This suggests that Bitcoin could surpass its previous all-time high of $106,000 achieved last December.
Meanwhile, as of 7:27 AM on the 3rd (KST), Bitcoin is trading at $96,731, up 0.15% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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