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This post is important, I will explain why Bitcoin must return to $77,000 to close the price gap.
First, the meaning of the price gap and the reasons for its occurrence:
Simply, it is an area on the chart where no trading has occurred. Let's take a real example:
Two days ago, during the decline, a strong buying movement occurred; which made Bitcoin close at $94,000, but we were surprised that when the Chicago Stock Exchange opened for trading, it recorded $BTC on 102,000.. So Bitcoin had to rise to 102 to close the gap that occurred between the normal closing price and the opening price that the Chicago Stock Exchange made.
So the price gap occurs on a holiday.. It is a huge buying movement or a huge selling movement that occurs on a holiday, which creates a price gap between the closing price on Friday and the opening price of the stock exchange on Monday.
What happened to Bitcoin before is a high buying momentum that exceeded 72 to reach 100,000 on the stock exchange holiday. So it is necessary to return to it again to close it. The good news is that the gap can be closed after weeks, months or years and it does not have to be closed immediately.
First, the meaning of the price gap and the reasons for its occurrence:
Simply, it is an area on the chart where no trading has occurred. Let's take a real example:
Two days ago, during the decline, a strong buying movement occurred; which made Bitcoin close at $94,000, but we were surprised that when the Chicago Stock Exchange opened for trading, it recorded $BTC on 102,000.. So Bitcoin had to rise to 102 to close the gap that occurred between the normal closing price and the opening price that the Chicago Stock Exchange made.
So the price gap occurs on a holiday.. It is a huge buying movement or a huge selling movement that occurs on a holiday, which creates a price gap between the closing price on Friday and the opening price of the stock exchange on Monday.
What happened to Bitcoin before is a high buying momentum that exceeded 72 to reach 100,000 on the stock exchange holiday. So it is necessary to return to it again to close it. The good news is that the gap can be closed after weeks, months or years and it does not have to be closed immediately.
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