Bitcoin Targets Futures Gaps as it Dips Under $90,000
Cointelegraph
Bitcoin dropped below $90,000, potentially targeting an open CME futures gap near $88,000.Summary
Bitcoin dipped below the $90,000 mark, retesting the 21-day moving average around $88,900, according to analyst Michaël van de Poppe. This price action is seen as participants targeting open gaps in the CME Bitcoin futures market. One gap has already been filled with the recent drop, but a second, larger gap remains near $88,000. Analysts suggest that if the price fills this remaining gap, it could reach around $88,200. Furthermore, if the market reverses higher without filling this second gap, some analysis suggests that the $88,000 level could mark the bottom of the next Bitcoin price cycle.
(Source：Cointelegraph)