Popular Economist Makes New Rally Prediction for Bitcoin! BTC Price in 100 Days...

The leading cryptocurrency Bitcoin (BTC) has come very close to its previous ATH with the recovery it has experienced in recent days. However, while the Bitcoin price could not reach a new record level, it continues to consolidate above $ 100,000 in the “risky” market environment supported by the US-China trade agreement and falling inflation indicators.

As investor confidence in Bitcoin increases with the recent upward momentum, a rally prediction came from popular analyst Timothy Peterson.

Timothy Peterson, who stated that the US-China agreement has fueled the “risk-taking” sentiment by strengthening Bitcoin and stocks as investors turn to higher-risk assets, said that it is possible for the price to reach $135,000 within 100 days.

Following the positive conclusion of trade talks between the US and China, the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), known as Wall Streets fear indicator, fell to 20 from the 60 level seen earlier this year.

Currently at ‘normal’ levels, indicating a ‘risk-taking’ environment for the foreseeable future.

This opens the door to potential increases in Bitcoin prices.

At this point, the analyst predicts that Bitcoin could reach $135,000 within 100 days, noting that there are historical correlations between low VIX levels and BTC price gains.