VIX: Fades Friday Spike, Bitcoin Holds Steady
@godbole17 reports VIX down 5% as it fades Friday's spike in line with historical patterns, referencing a CoinDesk analysis on Wall Street reaction and Bitcoin implications.
SourceAnalysis
@godbole17 notes the VIX has dropped 5% and appears set to erase Friday's spike, aligning with past behavior after similar moves.
Bitcoin trades at $82600.11 inside its Bollinger band on the 4h chart with the upper resistance at $82869.54 and lower support at $80791.58. The EMA50 at $82337.16 and EMA200 at $82081.82 both act as concrete support beneath price while the MACD golden cross at 25.61 keeps the broader structure bullish and RSI at 55.18 shows no overbought pressure. Price testing the upper Bollinger band while momentum remains constructive points to a likely healthy pullback toward the 50-EMA before continuation higher.
Omkar Godbole, MMS Finance, CMT
@godbole17Staff of MMS Finance.