However, the asset reversed the losses on the 13th of May after a modest 0.2% month-on-month April CPI inflation print, against the expected 0.3%. Likewise, Timothy Peterson, a BTC network analyst, noted that the US-China trade deal triggered the VIX (volatility index) to drop to a ‘normal’ 30-year average. In an X post on the 1st of May, Peterson highlighted that a potential VIX dip to 18 could push BTC to $107K in 3 weeks and +$135K in 100 days.
Author: Benjamin Njiri
Published at: 2025-05-14 22:00:47
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