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Bitcoin (BTC) regularly approaches the highly anticipated Mercantile Chicago Exchange (CME) Gap Close, with the action of prices aligning the analyst’s expectations of a movement around $ 83,000. While Bitcoin corrects recent highs, a cryptographic analyst expects a rebound to come then. However, if the key medium fails, the possibility of dropping rest.
Bitcoin to go to CME GAP Close
Bitcoin was one of the roller coasters this year, Flow -up to new Aths And having experienced major price failures that pushed it to new stockings. Recently, cryptocurrency saw an increase around $ 89,000 but faced a rejection. Now, the upper crypto shoots again, with crypto analyst astronomer on x (formerly twitter) pivot The low range of $ 83,000 to $ 84,000 as the next level of critical support.
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This crucial support zone in the price table lines up with the CME GAP Closea common phenomenon in the BTC Futures Market. BTC revisits the price gaps from the closure of the CME price during the weekend and opens on Sundays.
The astronomer described his long-term trading plan against Bitcoin, expecting the cryptocurrency consolidated around the level of support before rebounding. He believes that the closure of CME differences is an important technical development that could determine Bitcoin price movements.
Support the expectations of a Short -term pollHistorically, a lower Friday fence often leads to Mondays or red Tuesday for Bitcoin. In addition, the analyst stresses that the market is still in the New York Open phase (NYO), leaving room for an intraday reversal.
However, he plans to drop at the end of the evening during the nyo negotiation session due to the absence of liquidation and support levels not tested. He also mentions that combined with these factors, the recent bitcoin withdrawal of $ 89,000 is a strong indication that its price may not be optimistic locally.
Depending on its Bitcoin price thatThe astronomer considers the range of $ 81,400 to $ 82,400 in the Leag de Case Support area. Bitcoin should review this target area before any potential reversal attempt.
Can Bitcoin bounce? Take profit levels to watch
While the short term of Bitcoin Price action seems to be lowerHis trend macro remains somewhat stable, according to the analysis of the astronomer. The analyst marked a “long entry” area in the graph, suggesting that the area from $ 83,000 to $ 84,000 was a potential Opportunity to purchase If Bitcoin finds a support there.
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The analyst plans that if Bitcoin can successfully maintain CME Gap Close, a rebound to the weekly open price at $ 86,000 could be his first step towards a long -awaited recovery. Beyond that, the analyst identified a key take advantage Marked with TP1 – TP4 on the price table. These levels suggest that Bitcoin could increase to reach a goal from $ 87,000 to $ 88,000.
However, a break below the worst support area could trigger a Change of feeling of feeling, Potentially leading to a deeper price correction for Bitcoin.
Star image of Gemini Imagen, tradingView graphic
