Bitcoin CME Gap Indicates Potential Price Movement
CME Gap Emergence: A new CME gap for Bitcoin has been identified between $109,915 and $111,355, suggesting a potential price correction as Bitcoin currently trades at $113,372.
Historical Fill Rates: Historical data indicates a 97.1% fill rate for Bitcoin CME gaps, with a median fill time of zero days, highlighting the market's tendency for rapid adjustments and corrections.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59672.246 | 62336.123 | 65023.706 | 67687.583 | 70375.166 | 73039.043 | 75726.626 |
| Fibonacci | 62336.123 | 64380.381 | 65643.325 | 67687.583 | 69731.841 | 70994.785 | 73039.043 |
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