📊 VIX – What is it for?

Due to the high correlation of Bitcoin with the S&P500 index 🇺🇸, volatility is reflected for us through the Volatility Index, VIX. This is the indicator you should pay attention to in order to understand the market situation.

As we can see, in most cases, a market drop is accompanied by an increase in volatility. At the same time, growth is usually accompanied by a decrease in volatility.

Currently, volatility has fallen and returned to normal after the onset of Trump's "trade wars." Today we only observe a local jump 💁‍♂

In any case, volatility has returned to normal and there is a clear bearish potential. It is most likely that if the VIX drops below 16-17, we will see a spiral of growth in the price of Bitcoin 📈

#BTC #VIX #S&P500 #MarketPullback #BTC☀ $BTC