The Bitcoin Volatility Index has broken bearish and looks to be confirming. This indicator in the past has been a bullish to neutral signal for bitcoin in the past as the asset tends to do much better and show more stability when there is less hype and speculation in the market.
It should also be noted that in the past as the BVOL fell, bitcoin was either bottoming or simply trading sideways before ultimately still running up in price.
This is a great chart to watch, as institutional whales love to buy bitcoin when the BVOL is at low levels.
It should also be noted that in the past as the BVOL fell, bitcoin was either bottoming or simply trading sideways before ultimately still running up in price.
This is a great chart to watch, as institutional whales love to buy bitcoin when the BVOL is at low levels.
