NewsBTC

28 February 2025

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Bitcoin CME Gap Opens Between $78,000 and $80,700, Analysts Warn

A Bitcoin gap has opened on the Chicago Mercantile Exchange (CME) between $78,000 and $80,700. Analysts indicate this range may attract further declines in Bitcoin's price.

• Rekt Capital highlights increased volatility as Bitcoin approaches this CME gap.
• The gap formed in early November 2024 after a significant price breakout above resistance.
• Current Bitcoin price is $79,267 following a correction from above $100,000.
• Monitoring the $78,000 to $80,700 range is critical; holding could indicate a bullish reversal, while failing to maintain support may lead to drops towards $71,535 and $60,590.
• Crypto VIP Signal forecasts potential declines to the $72,000 - $74,000 area if the CME gap level is not sustained.

Additionally, Bitcoin has entered oversold territory for the first time since August 2024. Historical data suggests this could lead to a rebound, with past occurrences resulting in significant price surges.