Bitcoin’s Price is Driven by the Fear of CME Gap-Fill that could Happen

Bitcoin’s price has found its soft support at around $10.1k and tried to move up against $10.5k during the past few days. It has been more than a week that Bitcoin’s price has not shown a strong rebound purchasing power against the bears. Therefore, it is worrisome the Bitcoin spot price might go further down to fill the CME gap at $9,900-$9,650. It would be the latest threat for the bulls as it means the price will go below $10,000 the crucial psychological support level for Bitcoin. Thus, Bitcoin remains a bearish view until the price holds still above $10,500.

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