This time, our forecast for an imminent surge in BTC price volatility worked out perfectly. On September 30, we wrote that the Bitcoin Historical Volatility Index was preparing a potential reversal and surge in BTC price volatility. And we even set a green vertical line for October 1 as a potential date for the Index reversal. Yesterday's news from the Middle East began to work out the forecast for increased volatility. The Index began to turn around. An ascending structure is forming and if the trend continues, this will last until October 7-9. Volatility may increase until these days. Will this be an increase in volatility on a pump or dump in the market? We gave our forecast for an imminent BTC correction all last week. On September 24, we wrote that the growth high from September 6 could be set on September 24-26. The high was eventually set on September 27. Our current forecast is that the decline continues, a low on the current decline in the#BTCprice, if the downtrend is maintained (and there are still no reasons to talk about a reversal) can be set on October 6-8. And while the price is above the volume level of $59,335, this is still a “healthy correction” of the September growth that was expected. The fact that it came on an unexpected news hook and with such impulses is already a detail.We would like to emphasize separately that the growth of the Bitcoin Historical Volatility Index price volatility can go as a single continuous trend, even if the#BTCprice at this time first showed a dump, and then a V-shaped reversal. Both are an indicator of high volatility. And this is reflected in the Index chart.
