Analysis: Bitcoin to VIX ratio has hit a long-term trendline, which may mark a bottom for Bitcoin
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Planet Daily News: Analyst James Van Straten stated that the S&P volatility index surged to its highest level since last August this morning, indicating increased market uncertainty. James also mentioned that the Bitcoin to VIX ratio has reached a long-term trend line, which historically has marked Bitcoin's bottom during major market events, followed by a price rebound.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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