Analyst: Declining BTC volatility limits short-term rebound potential

Bitcoin's declining volatility ahead of the year-end holidays is likely to limit any short-term price rebound, according to an analysis by Markus Thielen, CEO of 10x Research. Thielen noted that Bitcoin's implied volatility index is expected to continue falling, while on-chain data shows that buying pressure from both institutional and retail investors has slowed. He stated that under these conditions, the probability of a price rebound is low for the time being. While the downtrend has persisted since Oct. 10, Thielen suggested there is potential for a technical rebound in January. He advised that it is more prudent to wait for a clear trend reversal signal than to buy hastily at the current moment.