Bitcoin (BTC) is in danger of violating its old all-time highs from March 2024 as BTC price losses erase the entire “Trump pump.”
Where could BTC/USD finally bottom? Cointelegraph takes a look at the most popular targets for crypto traders and analysts.
BTC price fills key CME futures gap
A key area on the radar for traders is the “gap” in CME Group’s Bitcoin futures markets that price created during its ascent to $100,000 and beyond.
This lies at $78,000, and as of Feb. 28, BTC/USD has almost entirely “filled” the void.
“Bitcoin is getting closer and closer to filling its CME Gap formed back in November 2024. The CME Gap is located between $78,000 and ~$80,700,” popular trader and analyst Rekt Capital confirmed in a post on X the day prior.
Rekt Capital additionally noted a CME gap to the upside at around $92,000, potentially offering a target should a relief bounce ensue.
CME Group Bitcoin futures 1-day chart. Source:…
