{"id":550182,"date":"2023-09-06T01:00:10","date_gmt":"2023-09-06T01:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=550182"},"modified":"2024-06-11T09:08:34","modified_gmt":"2024-06-11T09:08:34","slug":"the-great-bitcoin-gap-will-btc-plummet-to-fill-the-void-at-19500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/the-great-bitcoin-gap-will-btc-plummet-to-fill-the-void-at-19500\/","title":{"rendered":"The Great Bitcoin Gap: Will BTC Plummet To Fill The Void At $19,500?"},"content":{"rendered":"
Bitcoin (BTC), the leading cryptocurrency in the market, continues to exhibit a stagnant price movement. However, a notable development has emerged as BTC struggles to sustain consolidation above the critical $26,000 threshold. This could potentially present challenges for the cryptocurrency’s performance.<\/span><\/p>\n
Currently trading at $25,700, Bitcoin is on the cusp of a significant breakout. This breakout can exert pressure on short positions and liquidity pools positioned above or to fill the gaps on lower levels of the Chicago Mercantile Exchange (CME).\u00a0<\/span><\/p>\n
What\u2019s more concerning is that these gaps are located near what many experts believe to be the bottom of the Bitcoin bear market.\u00a0<\/span><\/p>\n
Bitcoin Double Top Formation And Implications For Price<\/span><\/h2>\n
Renowned crypto analyst Rekt Capital has recently shared valuable insights on Bitcoin’s price action and charts, shedding light on the likelihood of the cryptocurrency filling the CME gap at $19,500 and $20,500.\u00a0<\/span><\/p>\n