The BTC price did not correct over the weekend, trading on Monday started with a gap down at the Chicago Mercantile Exchange.
A new gap on the futures chart at #BTC on CME - $103,670-$103,940. After another local high on CME at $106,270, which removed the bears' liquidity, the price is attempting to close this gap but is currently receiving a reaction from buyers.
Recently, since April 22, this is already the third gap that has not yet closed amidst the vigorous rise of Bitcoin. The complete list looks like this:
- $103,670-$103,940,
- $97,265-$97,370,
- $91,645-$92,525.
BUT the closure of the gap is determined not by its presence but by the trend. The trend is still looking upward.
