Bitcoin has officially filled the CME gap, a key technical event that traders have been watching closely. But what does this mean for the price? While many expected a market drop around March 10, Bitcoin moved faster than anticipated, shaking up expectations. Now, the big question is – what happens next?
According to EGRAG CRYPTO, the coming months could bring plenty of ups and downs before Bitcoin makes its next major move. Will history repeat itself, or is something different on the horizon?
Here’s what to watch for in the days ahead.
Bitcoin’s Price Movements
EGRAG CRYPTO’s analysis suggests Bitcoin may continue moving around the 200-day Exponential Moving Average (EMA) before making a decisive breakout. This pattern was seen between July and September 2024, when BTC fluctuated before eventually surging.
If the same trend repeats, Bitcoin could experience short-term recoveries followed by dips, testing investors’ patience before a major price move.
Market Volatility Expected
According to the analysis, March and April 2025 could be highly volatile as the market absorbs the impact of the recent drop. Many traders had expected a sharp decline around March 10, but Bitcoin fell sooner than predicted. Now, all eyes are on how BTC will react at key support and resistance levels.
The CME Gap Effect: A Look at History
CME gaps have historically influenced Bitcoin’s price movements. In January 2021, BTC had a gap between $29,410 and $33,050. Once it was filled, Bitcoin didn’t just stay there—it surged past $40,000 in the same month.
Could Bitcoin Still Reach $150K?
EGRAG CRYPTO has long predicted that Bitcoin could hit $150K–$170K, aligning with the Fibonacci 1.618 level. While this once seemed unlikely, Bitcoin’s recent price action suggests it’s still possible. If history repeats, short-term volatility could eventually lead to long-term gains.
As of now, Bitcoin is trading at $80,273, down 7% in the last 24 hours. Its market cap has fallen to $1.59 trillion, but 24-hour trading volume has jumped 15%, reaching $81 billion—showing strong market activity despite the decline.
If past trends hold, this dip might just be the setup for the next major run.
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