Bitcoin Makes A Bullish Breakout Above The Gaussian Ribbon

### **1. Chart Overview**
- **Pair:** Bitcoin / U.S. Dollar (BTCUSD)
- **Exchange:** Bitstamp
- **Timeframe:** 1 Day (1D)
- **Price:** Around **$91,635**
- **Volume:** 2.4K
- **Daily Change:** +4.72% (strong bullish move today)

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### **2. Indicator: Gauss-R Ribbon**
- This ribbon is a volatility-based indicator often used to detect trend changes.
- **Green ribbon:** Bullish trend bias (price closing above average)
- **Red ribbon:** Bearish trend bias (price closing below average)
- **Your settings:** `close 49 0.55 7 21`

#### Interpretation:
- You can see **green zones** during major uptrends (October–December 2024).
- **Red zones** appeared during the pullback from January–April 2025.
- Now, BTC is **breaking out above the red ribbon**, possibly signaling a **trend reversal back to bullish**.

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### **3. Price Action**
- Price consolidated in a **range** for most of March–April 2025.
- Now it has **broken above recent highs**, suggesting a **bullish breakout**.
- If momentum holds, BTC could **retest the previous highs** around $100K.

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### **4. Watchlist Notes (Right Panel)**
You’re tracking macro, crypto, and volatility assets:

#### **Top Movers:**
- **MOVE index** (bond market volatility): +12.15% — signals bond volatility is back up.
- **SUI/USD**: +11.6% — strong altcoin rally.
- **ETH/USD**: +7.77% — Ethereum joining BTC in breakout mode.
- **VIX**: -9.26% — equity volatility collapsing, risk-on mood.
- **DXY (Dollar Index)**: +0.80% — slightly stronger USD, but not stopping BTC here.

#### **Gold (GC1!)**: Down ~1%
Suggests capital may be rotating from gold into crypto or risk assets today.

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### **5. Macro Interpretation**
This chart hints that:

- BTC may be entering a **new swing leg higher** after a corrective phase.
- **Risk-on sentiment is returning** (VIX and MOVE down, equities up, ETH/BTC up).
- BTC is leading as **money rotates into crypto** despite a slightly stronger dollar.

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### **6. Key Levels to Watch**
- **Support:** ~87K (prior consolidation)
- **Resistance:** ~$100K+ (local highs)
- **Breakout confirmation:** Hold above $91.5K for 2–3 daily closes with volume.