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VIX history shows we're in a low volatility period, but not at extreme lows yet. At 12.51, we're above the 9.5-10.6 range seen before past market shocks. Complacency? Maybe. But history suggests there's still room for volatility to drop before the next big spike. #MarketVolatility image
$BTC price Short-Term (1-2 Weeks): Bitcoin is likely to test support at $60,000. If this level holds, consolidation may occur. If it breaks, further declines are expected. Medium-Term (3-8 Weeks): Continued bearish momentum suggests potential further downside. A bullish reversal requires breaking above $70,000 with significant volume. Both the daily and weekly charts indicate bearish momentum, with the next critical support level at $60,000. Breaking above $70,000 is essential for a bullish trend reversal. A silver lining is last weekly $BTCimage price touched the 21 MA for the first time since the halving. The new week opens below the 21 MA. If this continues for a few weeks, repeating what happened after the 2016 halving, a solid springboard can form. (The white dot is the 21 MA.) image