Swissblock Technologies has reported a significant increase in Bitcoin's risk index, indicating potential market volatility ahead. The index has spiked and surpassed previous peak levels, approaching the levels observed during Bitcoin's September correction. Currently at 79.44, if the risk index reaches 100, it could signal the bottom of the correction and the start of a recovery. Bitcoin has experienced a four-day slide this week, its worst since August, but it recovered its losses by the end of Friday's session. The cryptocurrency has fallen below important technical levels, such as the 200-day moving average, but the daily relative strength index suggests it may be oversold. The next direction trend will depend on whether Bitcoin breaks above or beneath the daily SMA 50 and 200.



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