Bitcoin crash inevitable? The sharp rise in prices creates two new CME gaps, and closing one carries a high price If the price revisits the $88,000 zone, it will trigger a "narrative reversal" that could trap anyone holding highly leveraged positions.Prior to the US market opening this week, Bitcoin was once again trading around the low $90,000s following unprecedented macro activity over the weekend. You can sense a familiar shift in the room: less celebrating, more phone checking, more graph screenshots. More and more people are asking the same question in different ways: "Are we going to take the plunge soon?" Currently, the loudest response on Crypto Twitter is the two yellow rectangles. They are open CME gaps, one around $91,000 to $90,000 and the other around $88,000. They have turned into a kind of group anxiety, a common map of where the price "must go" next.
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Bitcoin crash inevitable? The sharp rise in prices creates two new CME gaps, and closing one carries a high price If the price revisits the $88,000 zone, it will trigger a "narrative reversal" that could trap anyone holding highly leveraged positions.Prior to the US market opening this week, Bitcoin was once again trading around the low $90,000s following unprecedented macro activity over the weekend. You can sense a familiar shift in the room: less celebrating, more phone checking, more graph screenshots. More and more people are asking the same question in different ways: "Are we going to take the plunge soon?" Currently, the loudest response on Crypto Twitter is the two yellow rectangles. They are open CME gaps, one around $91,000 to $90,000 and the other around $88,000. They have turned into a kind of group anxiety, a common map of where the price "must go" next.