THE BITCOIN IMPLICIT VOLATILITY INDEX BVIV APPROACHES CRITICAL SUPPORT AREAS AND MARKETS ARE AT RISK OF VOLATILITY

According to Coindesk, market analysts have alerted traders to the movement of the 30-day BVIV index of bitcoin, which currently hovers between 34 and 38 per cent. Historical data indicate that the region often foresaw the risk of fluctuations and price reversals, and that bitcoin prices fell from $74,000 to less than $60,000 in less than a week after BVIV entered a similar zone at the end of May today. Currently, BVIV is below the 30- and 200-day simple moving average, with bitcoin prices above $64,000。