Bitcoin Faces Potential Pullback as Implied Volatility Plunges Below $69K Resistance
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Bitcoin (BTC) hovered around the $70,000 mark on Monday morning before descending to $66,000. Analysts from Bitfinex anticipate a further drop due to significant downward pressure on implied volatility. This decline signals potential future price struggles for Bitcoin as it faces challenges in maintaining its current value. The reduction in implied volatility suggests that traders are bracing for a more turbulent period ahead. Monitoring these changes is crucial for investors.
Source: en.coinotag.com ↗
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