Bitcoin Price Movement Amid Market Volatility
- Bitcoin futures have a new gap, potentially indicating price retracement.
- CME gaps filled at $78,000-$80,700 and $92,800-$94,000; new gap between $84,650 and $94,000.
- Bitcoin closed above $93,500, maintaining its re-accumulation phase.
- A future weekly close above ~$104,500 could signal a breakout.
- Global liquidity is rising; Bitcoin historically correlates with this trend.
- Bitcoin trading at $93,204 with daily volumes up by 159% to over $67 billion.
The recent surge in Bitcoin prices has resulted in filling significant CME gaps while creating a new one between $84,650 and $94,000. With Bitcoin closing above $93,500, it remains within the re-accumulation range as global liquidity trends upward.
Source (2.6)https://coingape.com/will-bitcoin-btc-price-rally-sustain-or-see-a-pump-and-dump/?rand=24432
