Bitcoin Approaches CME Gap Close with Potential Support at $83,000
- Bitcoin is nearing the Chicago Mercantile Exchange (CME) gap close, aligning with analysts’ expectations of a move toward $83,000.
- The cryptocurrency recently surged to $89,000 but faced rejection and is now trading at $82,575.
- A critical support level is identified between $83,000 and $84,000 by crypto analyst Astronomer.
- The worst-case support zone is considered to be between $81,400 and $82,400.
- If Bitcoin holds the CME gap close, it may bounce back toward the weekly open price of $86,000.
Bitcoin’s current trading range suggests potential support around the CME gap close at $83,000. Analyst Astronomer highlights key levels for possible recovery or further decline based on trading patterns and historical data.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-cme-gap-close-about-to-happen-with-push-toward-83000-what-happens-next/?rand=52377
