Bitcoin (BTC) has experienced a 10% price drop, falling to $86,300 this week after trading between $90,000 and $110,000 for an extended period. Traders are now closely analyzing charts to determine where prices may go next. Of particular interest is the "runaway gap" in CME bitcoin futures below $80,000, which emerged three months ago. Gaps on price charts occur when there is no trading activity between certain price levels. It is believed that price gaps are usually filled eventually as traders buy and sell in these zones. However, technical analysis theory suggests that the likelihood of runaway gaps being filled is relatively low. There is also a gap between February 24 and 25, and it remains uncertain which gap will be filled first.
Content Editor ( coindesk.com )
- 2025-02-27
Bitcoin's Price Sell-Off Puts Focus on November's 'Runaway Gap' Below $80K in CME Futures
