Top Analyst Predict Bitcoin Price Recovery!
Bitcoin officially fills the CME GAP, a key technical event that traders have been paying close attention to. But what does this mean for the price? While many expect the market to decline around March 10, Bitcoin is traveling faster than expected, which sparked expectations. Now, the biggest question is – what happens next?
According to Egrag Crypto, the coming months could bring a lot of ups and downs, and then Bitcoin takes the next big move. Will history repeat itself, or will it be different on the horizon?
This is something to watch for in the coming days.
Bitcoin price changes
Egrag Crypto’s analysis shows Bitcoin May continue in 200 days Exponential Moving Average (EMA) Before making a decisive breakthrough. Between July and September 2024, this pattern is finally emerging before BTC fluctuates.
If the same trend repeats, Bitcoin may experience short-term recovery, then tilt, and then test investor patience before a major price shift.
Market volatility expectations
According to the analysis, March 2025 and 2025 may be very volatile as the market absorbs the impact of the recent decline. Many traders expect a sharp drop around March 10, but Bitcoin is earlier than expected. Now all eyes care about how BTC responds at critical support and resistance levels.
CME Gap Effect: View History
The CME gap has historically affected Bitcoin price movements. In January 2021, the BTC gap was between $29,410 and $33,050. Once filled, Bitcoin not only stayed there, but it soared $40,000 in the same month.
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Can Bitcoin still reach $150,000?
Egrag Crypto has long predicted that Bitcoin could reach $150,000-$170k, consistent with the Fibonacci 1.618 level. Although this seems unlikely, Bitcoin’s recent price action suggests that this is still possible. If history repeats, short-term volatility may eventually lead to long-term growth.
As of now, Bitcoin is trading $80,2737% declined in the last 24 hours. Its market cap has dropped to $1.59 trillion, but 24-hour trading volume has increased by 15% to $8.1 billion, despite a decline in strong market activity.
If past trends hold, this inclination may be just the next major run setting.
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