Bitcoin Struggles Amidst Summer’s Volatility Uncertainty

As summer approaches, Bitcoin (BTC) continues to exhibit low volatility, with implied volatility currently at its lowest point for the year, according to Odaily. While this level appears ‘cheap,’ actual volatility is even lower, a trend that aligns with past historical data showing a decline in short-term option volatility before July each year. This suggests that Bitcoin may struggle to ignite broader market interest until it surpasses $100,000 or breaks through the resistance of $110,000. However, as of now, there are no immediate catalysts driving such a significant shift in price.