Analyst: Bitcoin to VIX ratio has hit a long-term trend line, which may mark the bottom of Bitcoin

04/13 03:38

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April 13 news, according to CoinDesk senior analyst James Van Straten, the S&P volatility index soared to its highest level since August last year this morning, indicating increased market uncertainty. James also said that the ratio of Bitcoin to VIX has reached a long-term trend line, historically, this trend line has previously marked the bottom of Bitcoin during major market events, followed by a price rebound.

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