Market volatility indicator still points to $135K Bitcoin within 100 days — Analyst
Bitcoin (BTC) price is consolidating above $100,000 following a drop in the CBOE Volatility Index (VIX) to its 30-year average of 20, down from a peak of 60. This decline coincides with a US-China trade deal that includes a 90-day tariff pause and a 115% reduction on tariffs, fostering a "risk-on" sentiment among investors. The US Consumer Price Index (CPI) inflation rate decreased to 2.3% year-over-year in April 2025, the lowest since February 2021, indicating easing inflationary pressures and potential Federal Reserve interest rate cuts. The Bitcoin Bull Score Index has surged from 20 to 80, signaling a bullish market outlook, driven by increased spot demand. The Bitcoin Fear & Greed Index is at 53.3%, suggesting room for further gains without reaching overbought conditions. Analysts predict Bitcoin could reach $135,000 within 100 days, supported by low VIX levels and historical patterns following the April 2024 halving.
