Bitcoin (BTC) CME Futures: A Gap Up and Potential Buying Opportunity
Bitcoin has recently experienced a significant price surge, bypassing our previous entry zone and reaching the projected resistance level. This rapid upward movement has left a gap in the CME futures market at $77,930.
If this gap is filled, it could present a potential buying opportunity. The demand zone below the gap suggests that there is strong support for Bitcoin at these price levels.
However, it's important to note that if the price closes below the invalidation level of $66,835, this analysis would be invalidated.
Key Takeaways:
* Bitcoin has formed a gap in the CME futures market
* Filling the gap could signal a potential buying opportunity
* Strong demand zone below the gap provides support
* Invalidation level of $66,835 should be monitored
