Bitcoin Comment from Analysts: “This Indicator In BTC Points To The Rise!”

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Continuing its horizontal movements at $ 19,000 level Bitcoin (BTC)fell after the non-farm employment and unemployment data from the US last week.

BTC, which was traded above $ 20,000 before the data, fell sharply to $ 19,700.

After the data BTC Although it continues to move horizontally cryptocurrency analyst Alex Kruger, He pointed out that in BTC, this could be the calm before the storm.

In this context Bitcoin Volatility Index (BVOL) Analyzing Alex Krüger, he pointed out that the index fell below the 25 level.

Every time the index drops below 25 Bitcoin’Expressing that the company is moving, Krüger said:

“Every time the BVOL closed below 25, it soon followed with an explosive Bitcoin move.

Twice up, once down (November 2018). “

In this context, after the 25 level of the Krüger index, BTC’He also predicts that big moves can come. Because, according to the analyst, BVOLClosing below 25 has historically preceded big moves.

Another analyst who studies the volatility index, like Alex Krüger, Michael Van de Poppe it happened.

bitcoinPointing out that the voltity index of ‘s has dropped below 25, Poppe said that this historically means a guaranteed recipe for big uptrend.

Comparing Bitcoin’s volatility index with other years, Poppe shared a chart for 2018, 2019 and 2020.

“There is a huge movement in Bitcoin as BVOL drops below 25. Historically, this is a guaranteed recipe for big ups.

1- It fell to 3 thousand dollars in 2018. 2- Breaking over $ 4 thousand to $ 14 thousand in 2019. 3- In 2020, it exceeded 10 thousand dollars.”

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