Bitcoin (BTC) Price Prediction: What to Expect on August 24th?
Bitcoin (BTC) market faces uncertainty despite recent bullish momentum. With a 3% increase in 24 hours, experts ponder: could the leading cryptocurrency correct towards $114,000 soon? Let's delve into the technical analysis.
Market Update: Bitcoin Retreats, Pressure Intensifies
At the time of writing, Bitcoin (BTC) is trading around $114,752, showing a decline after Friday evening’s euphoria when it reached $117,300. Indeed, behind this rise lie technical signals that deserve close attention.
According to CoinStats data, the top 10 cryptocurrencies display an overall increase, but Bitcoin remains below a decisive technical level in the short term.
A CME Gap and a Bounce to $117,000?
The Bitcoin created a CME gap this Saturday, losing approximately 1.87% of its value since the opening of Saturday’s trading session. So far, CME gaps have almost always been filled in the days that follow, which suggests BTC could bounce back to $117,000 in the next few sessions.
