The Volmex Bitcoin Implied Volatility Index (BVIV) is approximately 49.23. This measure gauges investors' future expectations regarding Bitcoin and is calculated using options data. This figure of 49.23 represents an annualized 30-day implied volatility. By dividing this value by the square root of 365, we obtain 2.57%, which represents the daily volatility percentage of Bitcoin's price.

At the time of writing this report, Bitcoin's price is trading around $106,400. By multiplying this value by 2.57%, the upper limit shows at $109,123. On the other hand, the lower limit is recorded at around $103,676. Therefore, the chances of Bitcoin's price fluctuating to $110,000 today are considered very high.

Taking a downward approach is best to determine what the future price expectations for Bitcoin hold in the near term. If the momentum is strong enough, Bitcoin will reach $110,000 or exceed it. The four-hour chart shows a series of higher lows since Bitcoin's price hit its lowest point in April at around $73,000. This price structure indicates clear strength and upward momentum, suggesting the continuation of the upward trend and a retest of the all-time high.