Analyst: Bitcoin/VIX Ratio Touches Trendline, Potentially Reestablishing Long-Term Bottom

Blockbeats04-13

BlockBeats News, April 13th, according to CoinDesk report, analyst James Van Straten released a chart analysis stating that the current market sell-off triggered by the uncertainty of Trump's tariff policy began on April 3rd. Since then, the market has been experiencing intense volatility, with panic spreading to both stocks and bonds. The price of gold surged to a historic high, while the US Dollar Index (DXY) dropped below the 100 level for the first time since July 2023. The CBOE Volatility Index (VIX) soared to its highest level since August last year, and the Bitcoin/VIX ratio touched a long-term trend line. Historical data indicates that this often signals a bottom in the Bitcoin price.

According to TradingView data, the current Bitcoin/VIX ratio has reached 1903 points, touching the long-term trend line. The last time this trend line was effective was during a period of market turbulence caused by the unwinding of the Yen carry trade, during which Bitcoin found support around $49,000. In fact, this is the fourth time the ratio has touched the trend line and marked a market bottom: similar patterns were observed during the COVID-19 crisis in March 2020 and earlier in August 2015, both followed by bull markets. If this trend line continues to provide reliable support, it may indicate that Bitcoin has once again established a long-term bottom.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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