The Great Bitcoin Gap: Will BTC Plummet To Fill The Void At $19,500?

The Great Bitcoin Gap: Will BTC Plummet To Fill The Void At $19,500?

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.

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). 

What’s more concerning is that these gaps are located near what many experts believe to be the bottom of the Bitcoin bear market. 

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