options contracts expiring in April increased significantly from 62% to 75% over the weekend, Kaiko noted in a recent post onSuch a sharp rise in an asset’s Implied Volatility over a short period suggests a notable shift in market sentiment regarding where the asset’s price may be headed in the short term.
For example, the gap between the upper and lower bands of the coin’s Bollinger Bands indicator has widened. This indicator assesses market volatility and an asset’s potential price movements. Confirming the rising volatility, BTC’s Bollinger Bandwidth was in an uptrend as of this writing. At 0.15, the indicator’s value has risen by 67% in the past four days.
Readings from the coin’s Moving Average Convergence Divergence indicator showed its MACD line resting below its signal and zero lines.
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