... . After a crypto meeting at the White House was confirmed for March (7) and other announcements, "Bitcoin" has taken (90888.80$) and has "overcome" it.
Where do traders believe the price action of "Bitcoin" will find a definitive floor after a (40%) drop from its all-time highs?
... . A key area on traders' radar is the "gap" in the futures markets ... . This is located at (78,000.8$), and as of February (28), the "BTC/USD" pair has "completely filled" the void. #Bitcoin.
Important:
This gap was formed in November (2024).
The "CME" gap was noted, confirmed a trader and analyst in a post. They also pointed out another "upward" gap around (91,008.8$), which could offer a target for a relief bounce if it is also surpassed.
The drop before the announcement for March (7) is still estimated to be below (69808.8$) and possibly lower as it is normal to seek a correction down to (50%).
Hashtag: #Binance.
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