Analysts Confirm Bitcoin CME Gap Filled, Project Bullish Momentum Toward $72,000
Bitcoin (BTC) has recently filled its CME (Chicago Mercantile Exchange) futures gap, sparking excitement about a potential surge toward $72,000. 📈
What is the CME Gap? 🤔
1️⃣ The CME closes on weekends, while Bitcoin trades 24/7 on other exchanges. 2️⃣ This can create a "gap" between Friday's closing and Sunday’s opening prices. 3️⃣ When CME reopens, Bitcoin's futures price often adjusts to match the weekend's spot price.
Recent Developments 📰
Titan of Crypto confirmed the gap was filled, suggesting BTC might head to $72,000. 🚀
Woo Minkyu predicted a return to $63K+, aligning with other bullish analyses. 📊
Ali Martinez noted key resistance at $65,795. If BTC breaks this, it could surge to $78,700. 🔝
Key Levels to Watch 🔍
Support: Around $60,565, marked as a strong buying zone. 📉
Current Price: $60,136.68, down 4.01% in the last 24 hours. 📉
Analyst Insights 🧠
Michaël van de Poppe: Expecting a bounce after the gap closes completely in the next 1-2 days.
Volume Analysis: Increased activity during down moves signals selling pressure, while high volume on up moves suggests buying interest.
RSI (Relative Strength Index): Neutral to slightly oversold, indicating a potential bounce.
Stay tuned for more crypto insights! 👍
Disclaimer: This post is for informational purposes only and does not constitute financial advice.