#BTC 73415$ - 71165$ - this is the anticipated level to which the price of Bitcoin may drop in case the decline continues.
In these price ranges, I expect that the price may stop, and possibly bounce back up.
If the price consolidates below $77930 (, that is, if the daily candle closes below this level ), it will be a negative signal. Such a movement will be the first confirmation that the price may continue to move down.
The range of $77000 is an important level for the further movement of the price, and breaking it down may indicate further decline. Where the nearest reversal is - indicated on the chart.
CME GAP is a price chart gap that forms when the price changes sharply without passing through intermediate levels.
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#BTC 73415$ - 71165$ - this is the anticipated level to which the price of Bitcoin may drop in case the decline continues.
In these price ranges, I expect that the price may stop, and possibly bounce back up.
If the price consolidates below $77930 (, that is, if the daily candle closes below this level ), it will be a negative signal. Such a movement will be the first confirmation that the price may continue to move down.
The range of $77000 is an important level for the further movement of the price, and breaking it down may indicate further decline. Where the nearest reversal is - indicated on the chart.
CME GAP is a price chart gap that forms when the price changes sharply without passing through intermediate levels.