| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107281.6800000000 |
| ETH | $2431.8940000000 |
| BNB | $648.8797500000 |
| XRP | $2.1874730000 |
| ADA | $0.5662577000 |
| SOL | $149.9951000000 |
| DOGE | $N/A |
| DOT | $3.3927000000 |
| LTC | $86.5464000000 |
| LINK | $13.3266600000 |
Category: CRYPTO NEWS
The post Bitcoin Approaches Long-Term Trendline, Signals Key Market Phase – Coincu appeared on BitcoinEthereumNews.com. Key Points: The Bitcoin-to-VIX trendline suggests potential market rebound amid rising volatility. Historical instances signal price recoveries post-trendline touch. High VIX may indicate new buying opportunities for Bitcoin. Bitcoin analyst James Van Straten highlights the S&P Volatility Index surge, reaching its highest level since last August, impacting the Bitcoin-to-VIX ratio at the long-term trendline of 1903. The current market scenario poses critical importance for Bitcoin investors. Historical interaction of Bitcoin with the VIX trendline often precedes significant price trends. Bitcoin-to-VIX Ratio Hits 1903 Amid High Volatility The current market scenario poses critical importance for Bitcoin investors. Historical interaction of Bitcoin with the VIX trendline often precedes significant price trends. The market environment is transforming amid this rise in volatility, indicating possible Bitcoin purchasing opportunities. Historical data consistently link high VIX levels with favorable conditions for Bitcoin’s price growth. Analysts suggest that the potential for upward trajectories now exists more than in typical low-volatility periods. This historical precedent points towards a market poised for potential recuperation. “Should this trendline continue to act as a dependable support level, it may indicate that Bitcoin has once more identified a long-term bottom.” — James Van Straten, Senior Analyst, CoinDesk Bitcoin’s Resilience and Buying Opportunities Amid VIX Surge Did you know? The Bitcoin-to-VIX ratio reaching the long-term trendline has reliably predicted rebounds in Bitcoin’s price, establishing a pattern across multiple market cycles. Bitcoin (BTC) maintains a robust position with a market cap at formatNumber(1696519272636.39) and a current price of $85,464.99. Recent 24-hour trading fell by 31.14%, though value increased 2.96%. CoinMarketCap reports Bitcoin’s circulating supply near 19.85 million, under a maximum of 21 million, as of April 13, 2025. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 03:37 UTC on April 13, 2025. Source: CoinMarketCap Coincu’s research team observes the current market context as a potential…
2025-04-13T03:42:35+00:00