Bitcoinist.net:

Bitcoin’s implied volatility has cratered in recent times, plummeting back to its pre-crash levels
This comes as the cryptocurrency continues extending its intense uptrend as bulls attempt to propel BTC back up towards the $8,000 region
Bears have firmly established the upper-$7,000 region as a strong resistance region, and analysts don’t expect it to be surmounted anytime soon

Bitcoin has continued extending its recent uptrend despite facing multiple strong rejections at $7,800 yesterday.
One trend that could suggest another large movement is imminent is that the crypto’s implied volatility has dived to its pre-crash levels.
Analysts are cautious about the cryptocurrency’s current technical strength, as bears recently fired a “warning shot” showing that they may post an ardent defense of the resistance within the…

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Source: https://bitcoinist.com/bitcoins-implied-volatility-craters-after-bears-fire-warning-shot/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoins-implied-volatility-craters-after-bears-fire-warning-shot