In this idea I am sharing my Bitcoin CME gaps technical analysis. Bitcoin downtrend has managed to close most CME gaps in the range between 24k and 40k that were left behind. There are last three CME gaps to be closed before bottoming out:
$18,200 $11,200 $9,700
On the way down Bitcoin has created a couple of new CME gaps at $27,200 and $34,500 that could be filled on the way up at later date. On Friday Bitcoin CME price closed at $20,470. With Bitcoin price trading around $18,500 there is a potential for another CME gap if Bitcoin doesn't come back to 20k price tag on Monday.
I am waiting for all the CME gaps to be filled before Bitcoin reversal!
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