The BTC price volatility index has confirmed an upward reversal. Yesterday, we mentioned that a reversal could occur based on the daily closing session - and it happened.
As for the indices, the current forecast is as follows:
- The BTC price volatility index may increase until June 17-19.
- The ETH price volatility index may increase until June 16-18.
Until these dates, the market promises to be dynamic.
This is a case where there are initial doubts about the performance, as June 18 is the US Federal Reserve's decision on the interest rate. There are doubts that after this a "calm" will ensue.
However, it is quite possible, with the current consensus on expectations, that after the meeting with a predictable outcome, the assets will indeed move into a range. And we will see the main movements just before these dates.