Why Bitcoin May Pull Back Further According to Bitfinex Analysts

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Downward pressure on implied volatility in the options market may cause BTC to stall or decline slightly.

Bitcoin (BTC) briefly crossed the $70,000 mark on Monday morning before dumping to $66,000, but analysts at the crypto exchange Bitfinex say the leading digital asset may pull back even more in the coming days.

According to the latest Bitfinex Alpha report, bitcoin’s possible decline may be caused by significant downward pressure on implied volatility in the options market.

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