Bitcoin: Returns to 66K With Stable IV

Bitcoin has returned to 66K, marking a two-month high while re-entering the trading range observed at the start of the year.

Implied volatility across major maturities remains unchanged with year-to-date IVs below 40%, confirming that investors have adapted to this low-volatility market as the new steady state for cryptocurrency options; only the sharp February decline pushed IV above 50%.

Price action at $65941.22 sits above the EMA50 support at $64823.3 and EMA200 at $63673.09 in a confirmed bullish trend, while the MACD golden cross at 507.16 reinforces momentum even as neutral RSI at 57.69 leaves room for a test of upper Bollinger resistance near $67031 before any extension higher.