Bitcoin: Implied Volatility Drop Flags Bull Market Start

Bitcoin implied volatility has fallen below 40%, a level that historically precedes positive mean and median performances over subsequent months and often marks the start of a new bull market, according to Bitwise analysis shared by André Dragosch.

The report from Bitwise Europe highlights that such drops in 1-month implied volatility rarely persist and typically resolve upward, supporting a constructive BTC price prediction and broader crypto market outlook.

On the 4h chart BTC trades at $64048.93 inside a bullish trend with EMA50 at $63571.46 and EMA200 at $63698.14 acting as concrete support; price is testing upper Bollinger resistance at $63733.78 while MACD shows a golden cross at 6.47 and RSI sits neutral at 66.12, suggesting a healthy retracement toward the 50-EMA before continuation.