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Bitcoin CME Gap Is Still Open, Why $78,000 – $80,700 Are Very Important

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Bitcoin CME Gap Is Still Open, Why $78,000 – $80,700 Are Very Important - NewsBTC

Quick Summary:

Rekt Capital points out that Bitcoin’s recent decline aligns with historical fractals where CME gaps get filled before its price finds a new direction.  According to his chart analysis, if Bitcoin continues on its current downward trajectory, the price range between $78,000 and $80,000 will need to be closely monitored.

Related Reading: Bitcoin Liquidity Blocks Tell A Story: Here’s Why $96,000-$111,000 Is Most Important Bitcoin’s current CME gap between $78,000 and $80,700 was formed in early November 2024, when the cryptocurrency experienced a sharp price breakout above resistance.

Since then, Bitcoin has not revisited this zone; however, Rekt Capital believes it is fast approaching it now.  The analyst revealed that after hitting a peak above $100,000, Bitcoin quickly retraced, experiencing a deep correction that pushed it down to its current price of $79,267.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 20:00:14 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26524777

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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