I recently came across an interesting analysis by Timothy Peterson regarding the possibility of Bitcoin reaching $135k within the next 100 days. At first glance, it sounds like a bold prediction, but upon closer examination, the logic behind it is quite solid.

The main indicator Peterson relies on is the VIX index — the measure of market fear. Last month, the VIX spiked above 56, which has only happened twice in modern history: in 2008 and 2020. In both cases, the market rebounded strongly, especially tech stocks.

Interestingly, Bitcoin seems to be tracking the NASDAQ recovery pattern with about 95% accuracy. If this trend continues, Peterson believes Bitcoin could hit $107k in a few weeks, then continue rising to $135k within 100 trading days. Since Bitcoin is more volatile than tech stocks, the impact could be even greater.

Looking at the current price, Bitcoin is trading around $69.7k with a 4.21% increase in 24 hours. Technically, it has formed a local bottom from February to April and is currently holding above a key support level. If it breaks above $95.8k, the next targets would be $99k, then $110,000–$115k. At this pace, reaching $135k in 100 days isn’t entirely impossible.

Of course, this depends on market fear (VIX) continuing to decrease. If the VIX drops below 18, considered a "safe" zone, the likelihood of Bitcoin hitting $135k increases. Currently, data suggests Bitcoin is poised for a significant jump if market conditions remain favorable.