The ratio of bitcoin to the S&P Volatility Index (VIX) has reached 1,903. This significant figure touches a long-term trendline that has historically indicated bitcoin’s market bottom. Previously, this ratio hit the trendline in March 2020 during the peak of the COVID-19 crisis and in August 2015, both times followed by a rally in bitcoin prices. The most recent instance was around the unwinding of the yen carry trade when bitcoin bottomed out at approximately $49,000. This is the fourth time the ratio has reached this trendline, suggesting that bitcoin may have found a long-term bottom once again. The VIX, often referred to as Wall Street’s “fear gauge,” surged to its highest level since last August amid market volatility.
Astronomer
@astronomer_zero
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Mar 31 $BTCAnd now, the chance $BTC has bottomed is 94.44% on a wick basis, and 100% on a candle closing basisAlright, here we are, another data analysis, confirming our bottom call at the very day of the exact bottom (11th of March, see quoted tweet).For the ones who just found
Merlijn The Trader
@MerlijnTrader
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Apr 4 THE HOLY TRINITY BOTTOM FOR BITCOIN!!This pattern flashed twice before.Each time, $BTC rallied +81% on average.It just triggered again.You know what’s next.
GalaxyTrading
@GalaxyTrading_
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Apr 11 $BTC #BitcoinAccording to the MACD on 3D TF we are at the bottoming formation.Already 115 days of red, seems like it’s coming to an end soon.Invalidation is if something unexpected happens and we drop to below 70k – this could prolong the bottoming process.It’s
King of the Charts – I Cracked the Bitcoin Code
@ChartingProdigy
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Apr 11 .
This is the Bitcoin Bottoming Signal That Will Validate That the Downtrend is OverBitcoin is surging about 5% higher today. BTC likely building momentum to break the downward trendline of the Bull Flag Pattern. If it clears the trendline, jumps above the 200 MA & moves above
Doctor Profit
@DrProfitCrypto
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Mar 10 The Magic Line Decides EverythingThis golden support holds the answer to the golden question: bull or bear? Technically, we are still in a bull market. Let me say it again, and as mentioned before a massive correction, even 30-50%, does NOT mean a bear market. Look at history.
hitesh.eth
@hmalviya9
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Jan 31 Market have found a local bottom based on an indicator we built to track performance of an Index with (200+ Coins, 11 Narratives) against BTC & ETHThe BTC indicator crossed 1 on Jan 27 and now sits at 6.97, signaling a potential bottom and the next leg up.
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