This article explores Bitcoin's (BTC) chances of hitting a new high in 100 days, and he maintains an optimistic outlook in 2025.
Analyst Predicts Bitcoin to Hit New Highs in 100 Days as VIX Drops Furlong: CBOE Volatility Index (VIX) dropped from 55 to 25 in the past 50 trading days, and a VIX score below 18 usually implies a "risk-on" environment, favoring assets like Bitcoin.
VIX signals dropped to 14 yesterday, the lowest since December 2019.
The VIX, also known as the "fearless index," dropped to 14 on Wednesday, reaching its lowest level since November 2019. This significant decline in the VIX hints at decreased market volatility and a preference for riskier assets.
The CBOE Volatility Index (VIX) is a measure of the 30-day market volatility expectations for S&P 500 (NYSE:SPX) index options. A lower VIX score typically indicates a risk-on environment, while a higher score signals risk-off sentiment.
The VIX has decreased rapidly in recent months, and analysts at Goldman Sachs (NYSE:GS) predict that the index could fall even further to 11 by the fourth quarter of 2025. This projection is based on the current low-inflation and low-unemployment environment, which bodes well for continued stock market gains and further VIX decline.
VIX signals dropped to 14 yesterday, the lowest since December 2019.
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