Bitcoin’s $135k Journey: The Hilarious Analysis You Didn’t Know You Needed
Hold onto your hats, folks! It looks like Bitcoin might be gearing up for a wild ride—at least according to some guy named Timothy Peterson. Yes, you guessed it, he’s got a theory, and this one’s got more twists than a pretzel factory. His bold prediction? Bitcoin could rocket to a staggering $135,000 in the next 100 days. Is it just another case of wishful thinking? Or is there something in the tea leaves? Let’s dive in, shall we?
What’s This VIX Thing and Why Should I Care About It?
At the heart of Peterson’s *wildly* optimistic outlook is the VIX, which—contrary to sounding like a villain in a bad spy movie—actually stands for the Volatility Index. This nifty little tool tracks just how much investors are clutching their pearls and biting their nails. When the VIX spikes, fear rises. Think of it as the market’s mood ring. A red one. Very dramatic.
The 4 Things I’m Watching that Point to Bitcoin New ATH in 100 Days.
In order of least important to most important.
(Day 3, continued tomorrow) $VIX and Volatility. I described this here:Anything below 18 would be considered “risk on”. This could…
— Timothy Peterson (@nsquaredvalue) May 1, 2025
April wasn’t just for chocolate eggs. The VIX closed above 56—a level it’s only hit twice before: once during the 2008 financial crash, and again during the 2020 COVID-induced panic. And guess what happened next? A big ol’ rebound, especially for tech stocks like those in the NASDAQ. In fact, the NASDAQ gained 10% in the first week, then another 40% over the next 100 trading days. So, you know, nothing too dramatic.
Peterson, ever the astute observer, noticed that after the VIX spiked, tech stocks—including Bitcoin—tended to bounce back in a big way. As in, ‘grab-your-socks-and-hold-on’ kind of way. For Bitcoin, if the VIX keeps behaving itself and dips below 18 (the “risk-on” zone), Peterson predicts Bitcoin could zoom to $107,000 in just a few weeks and then up to $135,000. What a world!
Bitcoin’s Having a Midlife Crisis… and It’s Acting Like a Tech Stock
Here’s where things get spicy: Bitcoin has apparently been mirroring the NASDAQ’s recovery like an overzealous fan at a boy band concert. Peterson’s analysis shows Bitcoin is tracking NASDAQ’s bounce-back with a 95% accuracy. Yes, 95%. Who knew a digital currency could have such good taste in rebound strategies?
But here’s the kicker: Bitcoin’s a bit more volatile. So, if the fear in the market keeps fading away like that awkward phase of your teenage years, Peterson predicts Bitcoin could shoot up to $107,000 in just a few weeks, eventually topping out at a lofty $135,000. You might want to check your seatbelt; things are about to get bumpy.
- Also Read:
- U.S. Government Won’t Buy Bitcoin for a Reserve, Says BitMEX Co-founder Arthur Hayes
Bitcoin’s Price Outlook: Will It Fly, or Will It Flop?
As of now, Bitcoin is hanging around the $96,296 mark, giving us a modest 0.51% dip, because who doesn’t love a good rollercoaster? With a market cap touching $1.9 trillion (because why not?), Bitcoin recently formed a “local bottom” between February and April 2025. The crypto world loves a good bottom, as long as it’s followed by a solid bounce. Oh, and Bitcoin stayed above a certain key line called the Kijun, so things are looking positive. Real positive. Like, “I’m feeling good about this” positive.
Bitcoin also broke through its April high of $95,173, which now acts as its sturdy support. Think of it like that one friend who always shows up on time. If Bitcoin pushes past $95,800, we could see the next target at $99,000, and then perhaps even $110,000 to $115,000. Just don’t hold your breath (unless you’re into that sort of thing).
In short: Bitcoin’s doing that thing it does—showing all the signs of a breakout. Stay above $95,800, and we might just be in for a thrilling ride. Get your popcorn ready. 🍿
FAQs
Why is Bitcoin compared to NASDAQ’s rebound?
Because Bitcoin is basically a NASDAQ fan club member with a 95% correlation to its recovery patterns. It’s like Bitcoin and NASDAQ went to the same rebound therapy sessions.
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2025-05-03 12:55