“Gamica fear” Wall Street “flashes possible bitcoin bottom

It has passed an extremely unstable week, but one measure can signal the longer-term bullget feeling for Bitcoin.

Sales in capital began 3 April, encourage President Donald Trumps of insecurity that led tariff tariffs. Every day has since been marked with sharp strokes in both directions. Panic also hit the capital and bond markets, while gold has grown into new all-time heights, and the DKSI index violated below 100. July 2023. Years.

In response, the S & P Instability Index (VIK) -Ften called “Fear Garning Fear Street -ha has increased to its highest level, and the last August and these things become interesting for Bitcoin.

Bitcoin ratio in Vik hit 1,903 right now, touching a long-term trend-line network that last coincided with the instability of the market instability Unwrapping. At that time, Bitcoin reached the bottom of about $ 49,000.

In fact, this is the fourth time this ratio hit trendline, and then found the bottom. He had previously touched the Order in March 2020. year during the peak suitcase-19 crisis and initially in August 2015. years, both times followed more expensive in prices.

If this trendline still serves as reliable support, it could suggest that Bitcoin might once again find the long-term bottom.

Read more: The recent bitcoin move proves that it is more than just a native technological game