After this wave of decline, the CME gap has almost been filled, though it is still over 100 dollars short. Additionally, the low liquidity area formed after Trump's election, where Bitcoin quickly surged (in the range of 76,000 to 86,000 dollars), has recently seen trading activity that filled this gap. After the CME gap was filled, the price of Bitcoin began to rebound. While it is uncertain whether it will decline again, the 50-week moving average is around 75,000 dollars. During the crash in mid-2021 and the volatile market in 2024, the 50-week moving average was never completely breached, which can be seen as one of the proofs that the Bitcoin bull market remains intact.
The 365-day moving average for Bitcoin is currently 74,200 dollars, and Bitcoin has yet to reach this range. Therefore, while 78,000 dollars may not be the bottom, it is very close to the short-term bottom range, especially after the CME gap was filled, as more buying has started to come in. #白宫首届加密货币峰会 #芝商所将推出SOL期货 #美SEC:Meme币非证券