Experts predict Bitcoin (BTC) could reach new highs within the next year, with economist Timothy Peterson forecasting a potential price jump to $135,000. Peterson attributes this optimistic outlook to a decreased volatility index (VIX), which signals a favorable ‘risk-on’ market environment. His model boasts 95% accuracy in predicting BTC prices. Meanwhile, Fidelity’s director of global macro, Jurrien Timmer, has likened Bitcoin’s behavior to ‘Dr. Jekyll and Mr. Hyde,’ highlighting its dual role as both a safe haven asset (Dr. Jekyll) and a speculative investment (Mr. Hyde). Timmer notes that Bitcoin’s performance tends to align with the market’s overall sentiment. When M2 increases alongside rallies in the stock market, Bitcoin often sees gains, while during periods of declining M2 and stock correction, its price can be less predictable. 2025 data from CryptoQuant reveals a surge in stablecoin market capitalization to $220 billion, indicating increased liquidity. This signals potential for new highs in BTC prices within weeks. While the market trend is optimistic, lower-time frame charts reveal a shift in dynamics with negative funding rate signaling an increase in short positions as traders bet against the rally. This imbalance creates opportunities for a short squeeze which may drive BTC towards $100,000. This article does not contain investment advice or recommendations and readers should conduct their own research before making any investment decisions.