Analyst: Bitcoin to VIX ratio has hit a long-term trend line, which may mark the bottom of Bitcoin

April 13 news, according to CoinDesk senior analyst James Van Straten, the SP volatility index soared to its highest level since August last year this morning, indicating increased market uncertainty. James also said that the ratio of Bitcoin to VIX has reached a long-term trend line, historically, this trend line has previously marked the bottom of Bitcoin during major market events, followed by a price rebound.