Market analysts are predicting an imminent Bitcoin crash that could result in the asset filling a significant CME gap on the 1-week chart. Bitcoin recently experienced a drop after briefly surpassing $99,000 during a Christmas rally, raising concerns about further declines. The potential drop is estimated to close a critical CME gap and could bring Bitcoin's support zone to the $77,000–$80,000 range. Analysts emphasize the importance of CME gaps in Bitcoin's price behavior, with historical data indicating that 90% of daily CME gaps larger than $1,000 have eventually been filled. Experts stress the importance of Bitcoin holding its current support zone between $97,041 and $93,806, as failure to do so could lead to further declines. Elliott Wave analysts suggest that Bitcoin may not have completed its wave-B correction, and a failure to break above $99,892 could result in a decline to the $80,000–$90,000 range. Despite the anticipated crash, analysts remain confident that Bitcoin will eventually reach $120,000, although the timing and method of filling the CME gap remain unpredictable.



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