Will the Fall in Bitcoin Continue? What are the Critical Levels to Monitor? What Do Investors Expect?

In the past months Bitcoin1, which stands out for successfully predicting the decline and rise inMarkus Thielen, founder of 0X researchA new evaluation came from .

At this point, this week’s PPI and CPI data BTC Evaluating its impact on the price, Thielen stated that these data will affect the BTC price.

Thielen said that investors expect there to be a significant movement and fluctuation in the Bitcoin price by the end of the week.

Stating that investors expect a +/-6% movement in the Bitcoin price this week due to the impact of PPI and CPI data, the analyst said that the implied volatility, which is currently priced at 52.8% compared to the rate of 50.8% in other maturities, means that the market is ready for a big move. He stated that it showed that he literally did not expect it.

Thielen argued that the price of Bitcoin is not considered expensive because although implied volatility is high, realized volatility is trading just under 50%.

At this point, according to volatility data, Thielen signaled that he does not expect a significant decrease in the BTC price. He emphasized that Bitcoin is currently testing the support level between $60,800 and $61,400.

Thielen, however, stated that he expects the price to fall if Bitcoin falls below this support range and added that these levels are critical for BTC.

Finally spot Bitcoin ETF Emphasizing that the average entry price of buyers is around $ 57,000, Markus Thielen claimed that a drop below $ 60,000 will probably cause significant concerns among these investors and there may be panic sales.

Bitcoin continues to trade at $61,599 at the time of writing.

*This is not investment advice.