HomePrice PredictionsBTCCME Gap in Sight: Will Bitcoin Bulls Step In Before $73K?

CME Gap in Sight: Will Bitcoin Bulls Step In Before $73K?

Date:

Bitcoin Technical Analysis: 7 APR 2025

BTC Technical Analysis

Sellers take the lead by breaking the $81K support level. Source: TradingView

General View 

Bitcoin has broken down from a key support region, triggering a sharp wave of selling that has taken the price below the $80K mark. The weakness has put bulls under immense pressure, which fears setting a new 52-week low. Additionally, Price is now sitting 6.15% beneath the active CME gap, increasing the likelihood of volatility expanding further in the coming sessions.

On The Upside

Any immediate recovery attempts will face fresh resistance at the previously supportive $81,500–$82,000 zone, which has now flipped into resistance. The Bulls will need to reclaim this zone convincingly to reintroduce momentum. Failure to do so would once again result in a selling spree.

On The Downside 

If Bitcoin fails to bounce soon, pressure will likely mount towards the important support zone between $75,400 to $77,000 levels. This area has acted as a base previously over the last few weeks, and losing it could trigger a sharper fall, possibly extending down to the $73,000 region.

BTC Technical Analysis

Bitcoin CME gap now stretching beyond 6%. Source: TradingView

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Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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