Can Bitcoin Surpass $135K? What Do Experts' Technical Analyses Reveal

Top industry analysts are considering the possibility of Bitcoin reaching $135K based on key signals from the broader financial markets. Timothy Peterson, a renowned cryptocurrency analyst, pointed out technical factors that could drive this upward momentum in the coming months. Currently, Bitcoin is trading at $74.01K, up 2.83% over the past 24 hours, reflecting a recovery after recent volatility.

VIX: An Important Indicator for Riskier Markets

At the core of this forecast is the VIX index, a tool measuring investor fear and uncertainty in the stock market. When VIX rises sharply, it often signals market panic, but according to Peterson, past spikes in VIX have preceded strong recoveries.

In April of last year, VIX closed above 56 — a rare event only seen twice in modern history. The first was in 2008 during the global financial crisis, and the second in 2020 when COVID shocks hit markets. In both cases, the initial months of chaos were followed by impressive rebounds, especially in NASDAQ tech stocks.

Bitcoin Tracks NASDAQ Recovery Pattern with High Accuracy

Notably, Bitcoin appears to be moving in line with NASDAQ’s historical recovery pattern. Peterson observed that data shows Bitcoin tracks NASDAQ’s rebound with 95% accuracy, a remarkable correlation. Since Bitcoin is much more volatile than traditional tech stocks, these fluctuations are amplified.

According to this analysis, if VIX continues to decline — especially below 18, considered a “safe zone” — Bitcoin could reach $107K within a few weeks, then continue upward toward the $135K target within 100 trading days.

Technical Signals Indicating an Upcoming Breakout

Looking at recent Bitcoin price charts, positive signs are accumulating. Bitcoin formed a local bottom between February and April 2025 and currently remains above the Kijun — a key line in Ichimoku technical analysis, which helps identify trend direction.

Recently, Bitcoin broke above the April high of $95,173, which now acts as a strong support level, a positive sign for further breakout. If the price stays above $95,800, the next target could be $99,000, then the $110K–$115K range, ultimately approaching the $135K level forecasted by analysts.

With a current market capitalization of $1.48 trillion, Bitcoin shows signals indicating it’s ready for a major breakout. If macroeconomic factors remain favorable and VIX stays low, the next growth phase could begin soon, gradually bringing Bitcoin closer to the $135K target predicted by experts.