It was an exceptionally volatile week, but a measure may be reporting a longer -term bullish feeling for Bitcoin.
The sale in shares began on April 3, stimulated by the uncertainties led by President Donald Trump. Each day since then has been marked by net movements in both directions. Panic has struck both stocks and bond markets, while Gold has reached new peaks of all time, 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 “Gear Gauge” by Wall Street – has reached its highest level since last August and this is where things become interesting for Bitcoin.
The Bitcoin / VIX ratio has reached 1,903 currently, touching a long -term trend line which has coincided the last time with the volatility of the market around the course of the Transport of the Yen. At the time, Bitcoin had reached a background of around $ 49,000.
In fact, it is the fourth time that this ratio has reached the trend line and then found the bottom. Previously, he hit the line in March 2020 during the Peak Covid-19 crisis and initially in August 2015, the twice followed by a price rally.
If this line of tendency continues to serve as a reliable support, it could suggest that Bitcoin could again find a long -term background.
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