The BTC volatility index is beginning its reversal, be prepared for a possible price exit from the range.
On April 26 and April 27, we wrote that on April 27-28 we expect the end of the decline and the beginning of the growth of the Index.
The reversal candle was April 28th. Although the pace of correction decreased significantly already on April 27. Today the Index may show its first green daily candle since April 19th.
The structure of rising highs and lows on the Index since August 2023 is under threat, but remains intact for now. And if in the near future we see a growth above $74,000 or a correction to the $51,000-52,000 zone, the structure will remain.
In terms of price expectations, we are still in favor of a new ATH and, after that, the start of a more significant correction.
