A CME Gap at $3,500 Leaves Bitcoin Vulnerable to a Colossal Correction

The Bitcoin price has a CME gap at $3,500, and given the historical tendency of BTC to close it, there exists a possibility that the dominant cryptocurrency may retest the $3,000 region. Earlier this month, former International Monetary Fund (IMF) economist and hedge fund manager Mark Dow described Bitcoin as a “textbook short,” noting that the macro trend of BTC remains unfavorable to buyers. CME gap alone is not a reason to retest Bitcoin lows, […]

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Author: toutiao