Bitcoin's recent drop below $60,000 has not only shaken crypto market but also closed crucial CME gap, hinting at potential bullish reversalDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
The significance of CME gaps for Bitcoin lies in their predictive power, as market participants closely watch these gaps for potential trading opportunities.While today's market drop might seem negative at first glance, the closure of the CME gap could suggest a positive outlook for Bitcoin in the near future.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Bybit Web3 Expands it Ecosystem with Integration of SUI, ZKLink, and Scroll
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