Follow us on:


Bitcoin Price Analysis: CME Gaps and Potential Future Scenarios

⚠️ Bitcoin BTC BOTTOMED? Or is $10k The TARGET? ⚠️
⚠️ Bitcoin BTC BOTTOMED? Or is $10k The TARGET? ⚠️


A recent video by JB discusses recent Bitcoin price action, potential future scenarios, and CME gaps.


Bitcoin experienced high volatility in the past week, with a 5.02% gain from Monday to late Thursday. The video analyzes price movements using Elliott wave theory and smart money concepts. Short-term patterns suggest a possible move to $26,785 to $26,679 followed by a move to $26,995 to $27,223.

On the daily chart, there’s a death cross with the 50 EMA dropping below the 200 EMA, indicating potential downward pressure. CME gaps at $34,445 and $21,110 to $20,330 remain unfilled, sparking debates on Bitcoin’s future direction.

Potential Future Scenarios

The video discusses whether the bottom is in for Bitcoin, with varying opinions on whether a bear market or a bull run is ahead. An analysis suggests potential targets of $20,000 to $12,000 if the bear market continues or $7,184 to $5,057 in a worst-case scenario. The possibility of filling the CME gap at $9,925 to $9,665 is also considered, implying Bitcoin prices below $10,000.

Leave a comment

Your email address will not be published. Required fields are marked *