The post Bitcoin Plummets Below $80K, & Fills CME Gap: Top Analyst Predict Bitcoin Price Recovery! appeared first on Coinpedia Fintech News
Bitcoin has officially filled the CME gap, a key technical event that many traders have been watching closely. While some expected a market drop around March 10, it seems the correction arrived earlier. Now, the focus shifts to what comes next, and according to EGRAG CRYPTO, the coming months could be a bumpy ride for Bitcoin.
A Bumpy Road Ahead?
According to the Crypto EGRAG analysis, Bitcoin’s price could experience ups and downs around the 200 (Exponential Moving Average) EMA before making a decisive move. This pattern was seen in a previous fractal between July and September 2024, where BTC fluctuated before finally breaking out.Â
However, if the same pattern repeats, Bitcoin might move around the 200-day EMA, with brief recoveries followed by dips, testing market patience before a major breakout.
As per the analysis, March and April 2025 are expected to be volatile, as the market absorbs the impact of the early drop. Many traders had expected a significant dip around March 10, but the decline came sooner than expected. Now, the focus is on how BTC will react around key support and resistance levels.
Bitcoin Follows Past Bullish Pattern
Historically, whenever the CME gap has been filled it acted like magnets, pulling Bitcoin back to fill them before making a major move.
Meanwhile, back in January 2021, Bitcoin had a gap between $29,410 and $33,050. Once it got filled, the price didn’t just stay there it skyrocketed past $40k in the same month.
BTC’s Next Target: $150K to $170K?
EGRAG CRYPTO has long predicted that Bitcoin could hit $150K–$170K, matching the Fib 1.618 level. While this seemed unlikely before, Bitcoin’s current movement suggests it might still be possible.
If BTC continues to follow the same historical pattern, short-term volatility could lead to long-term gains.
As of now, Bitcoin is trading at around $80,273, showing a 7% drop in the last 24 hours. Meanwhile, its market cap has fallen to $1.59 trillion. Despite the decline, Bitcoin’s 24-hour trading volume has surged by 15%, reaching around $81 billion.
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