Bitcoin Indicator Sounds Buy Alarm For The First Time Since March — Return To $110K Soon?

The price of Bitcoin has struggled around the $95,000 mark after showing some early-weekend strength on Saturday, November 15. According to a prominent analyst on the social media platform X, the premier cryptocurrency seems to be showing signs of a potential rebound in the coming days. BTC Price To Return To $110,000? In a November 15 post on X, market analyst Burak Kesmeci shared that the price of Bitcoin is showing signs of recovery based on different technical indicators. In his analysis, Kesmeci fiddled with the possibility of BTC rising to $110,000 and the risk of falling to $85,000. Firstly, Kesmeci analyzed the Bitcoin fear (VIX) score, a technical indicator that evaluates volatility and fear in the market. According to data provided by the analyst, this indicator has been above the crucial 16.50 level for two consecutive days for the first time in 250 days, suggesting the presence of a buy opportunity. Related Reading: Massive Bitcoin Bid Walls Spotted On Binance: Bulls Step I