CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst

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CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst - NewsBTC

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Egrag also noted that the current 21 Weekly EMA is around $80,000, suggesting that "another flash crash could be on the horizon.” CME Gap At $80,000 Another crypto analyst, XForceGlobal, reminded traders that "there’s a 1D CME gap at $80,000.” XForceGlobal said that historically, 90% of daily CME gaps larger than have been eventually filled since 2018.$BTC Just a friendly reminder: there’s a 1D CME gap at $80,000.

The tricky part with CME gaps is… pic.twitter.com/wJC2ih5U8M — XForceGlobal (@XForceGlobal) December 24, 2024 However, the crypto analyst noted that it is hard to predict the timing and method of filling CME gaps.

Egrag added that since October 2022, the flagship cryptocurrency has been subjected to about seven considerable drops, adding, "The average drop across these events is approximately 23.53%.” #BTC Drop – Average Dump & CME (70K-74K): How & Why? 1⃣Average Drop: Since October 2022, #BTC has experienced nearly seven significant drops.