Bitcoin Historical Volatility Index is preparing a potential reversal. This means the probability of a surge in BTC price volatility in the next 2-3 days.

For now, let's put a green line for tomorrow and see if the reversal forecast works out. Now the index is at its minimum levels and was last at this level on July 4. Since May, reversal formations on its chart have worked out mediocrely. Including a breakdown on the "black swan" on August 5. When after the formation in the correction, the Index gave a pump (on the fall of#BTCto $ 49,000).

Recall that the forecast for the index chart never answers the question "in which direction?", but until May of this year, it answered the question "when?" well.

How our most significant forecasts for the growth of#BTCprice volatility in 2024 have worked out so far:

- On February 7, we wrote that the#BTCprice is preparing an imminent impulse. Since that day, the price growth for 8 days was +23%.

- On February 26, we wrote again that the price of#BTCwas preparing a quick impulse. Since that day, the price growth for 17 days was +44%.