Bitcoin Analysts Predict New All-Time High in 100 Days; Stablecoin Market Cap Hits $220 Billion

Bitcoin analysts in India are predicting a bullish trend for the cryptocurrency in the near future. According to experts, a low VIX, stablecoin market cap hitting $220 billion, and a negative Bitcoin funding rate are all signaling positive outcomes for Bitcoin’s price. Timothy Peterson, a Bitcoin network economist, has forecasted that if the VIX remains low, Bitcoin could potentially reach $135,000 within the next 100 days. This optimism is supported by the stablecoin market capitalization hitting a record $220 billion, indicating a surge in crypto liquidity. Additionally, the negative funding rate for Bitcoin futures suggests a possible short squeeze, which could drive the price of Bitcoin to $100,000. These predictions are based on detailed analyses of market indicators and trends. The Indian cryptocurrency market is closely monitoring these developments as Bitcoin continues its upward trajectory. Experts advise caution and thorough research before making any investment decisions in the volatile cryptocurrency market.

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