Pop or Drop? Only 5x in History has BTC done this!
#bitcoin #btcusd #crypto #cryptocurrency #vix #volatility
Bitcoin has recently become less volatile than the markets. The chart here represents Bitcoin's volatility over the Dow's. In the bottom pane you will see that as the red line rises, it indicates BTC is becoming more volatile than the Dow. As it falls? Less. Rarely, has it touched the zero point (horizontal red line in bottom pane).
As you can see from my chart, we have only touched the zero point area only 4x in previous history. We are now on the 5th. After each touch (represented by the vertical line), huge moves have followed. The first was a 50% drop. Everything else thereafter was fairly significant pops. So far, the data shows a 75% probability of a pop. Will we make it 80% with this touch or is another big drop in store?
Either way, a big move is incoming? What's your call? Post in the comments below.