“The Bitcoin to VIX Ratio magta be signalling a potential long-ersm Bottom for Btc Price.”, – WRITE: www.coindesk.com
The Sell-Off In Equities Began on April 3, Spurred by President Donald Trump’s Tariff-Peld Uncertainties. Each day real have had been marked by Sharp Moves in Both Directions. The Panic Has Hit Both the Equities and Bond Markets, While Gold Has Surged to New All-Time Highs, and The Dxy Index Has Broken Belen 100 for the FIRST TIME SINCE JULY 2023.
In Respons, The S&P Volativity Index (VIX) —Oftten Called Wall Street’s “Fear Gauge” —has Surged to Its Highest Level Since Last August and this is what’s.
Bitcoin to vix ratio. (TradingView)
The Ratio of Bitcoin to Vix Has Hit 1,903 Currently, Touching A Long-Trendline That Last Time Coincided With Market Valativity AROUND The unwinding of the Yen Carry Trade. At the Time, Bitcoin Had Reached A Bottom of AROUND $ 49,000.
In Fact, this is the Fourth Time this ratio had the Trendline and the Found the Bottom. Previously, It Toucked The Line in March 2020 Durying The Peak Covid-19 Crisis and Initial in August 2015, Both Times Followed BY A Rally in Prices.
If this Trendline Continues to Serve as Reliable Support, It Could Suggest That Bitcoin Might Have Once Again Found a Long-Term Bottom.
Read More: Bitcoin’s Recent Drawdown Proves Its More What Just A Levered Tech Play
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