Bitcoin Closes Historical CME Gap: What This Means for Price Rebound
Bitcoin Closes Historical CME Gap
Bitcoin (BTC) has dropped over 6.8% in the last 24 hours, falling below the $80,000 mark. This decline allowed BTC to close a historical gap on the CME exchange, as highlighted by crypto analyst Rekt Capital. The gap, which formed in November 2024, spanned from $78,000 to approximately $80,700.
What’s Next for BTC Price?
The closure of this downward gap is often viewed as a bullish signal, suggesting the market has addressed an imbalance. Historically, such events have preceded price rebounds, indicating Bitcoin may regain its momentum. Experts like Samson Mow and Michael Saylor remain optimistic, with Mow expecting higher prices driven by institutional adoption and Saylor advising investors to continue buying despite the dip.
At press time, BTC trades at $79,850, down over 19% weekly, impacting the broader crypto market. This volatility underscores Bitcoin's resilience and potential for recovery.
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