CandleFocus Bitcoin’s Modest CME Gap: Could It Trigger a Push Beyond $99K?
2024-11-25
Author: Content Editor
Bitcoin has started the week with a small CME gap located near its all-time high of $99,000. Experts believe that this gap could soon be closed, as Bitcoin tends to visit these areas in the past. The interaction between CME gaps and the external environment will likely determine short-term patterns for Bitcoin. The $99,000 level is seen as an important psychological threshold for investors, and its closure may mark the start of a new market cycle. There is increasing activity around this level, as traders anticipate a breakout or resistance. Spectators are waiting for indications of the price's direction, and some US investors may approach the $99,000 mark, attracting more attention to cryptocurrencies.
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