It has been an exceptionally volatile week, but a measure may be pointing to a long -term upward feeling for Bitcoin.
The massive sale for Variable Rent began on April 3, stimulated by the uncertainties led by President Donald Trump’s fee. Every day since then it has been marked by acute movements in both directions. Panic has reached the variable income and bond markets, while gold has increased to new historical maximums, and the DXY index has broken below 100 for the first time since July 2023.
In response, the S&P volatility index (VIX), often called “Wall Street” caliber “has increased to its highest level since last August and this is where things get interesting for Bitcoin.
Bitcoin to Vix’s ratio has reached the 1903 currently, playing a long -term trend line that the last time coincided with market volatility around Yen’s unwilling trade. At that time, Bitcoin had reached a fund of around $ 49,000.
In fact, this is the fourth time that this relationship has reached the line of trend and then found the background. Previously, it touched the line in March 2020 during the Peak COVID-19 crisis and initially in August 2015, both in a row of a prices demonstration.
If this line of trend continues to serve as reliable support, it could suggest that Bitcoin could have once again found a long -term fund.
Read more: Bitcoin’s recent reduction demonstrates that it is more than an leveraged technological work
