Prior to 2021, bitcoin’s three-month implied volatility – investors’ expectation of how turbulent prices will be over the ensuing three months – spiked during both bull and bear runs, according to data from crypto data firm Skew.
Newton also sees further upside in ETH relative to BTC if price resistance near 0.08 is broken.
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Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis.
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