The latest CME gap between 82,850 - 83,910 is acting as a strong resistance, with BTC remaining in a bearish trend. A failed bullish flag has broken downward, targeting 80,200.
🔻 The breakdown was driven by macroeconomic factors, including new tariffs and a stock market downturn, increasing risk-off sentiment across global markets.
🔻 If 80,200 fails to hold, further downside movement toward lower support levels is likely.
As posted earlier, BTC has officially filled the CME gap today. Eyes now on current support. If that level breaks, next downside target sits around 82,266. Breakdown could trigger further sell pressure, so stay alert. 🤞
Bernstein analyst predicts Strategy’s Bitcoin holdings could double to 1M BTC in a bull case scenario, and expects Bitcoin to hit 200,000 by the end of 2025, 500,000 by 2029, and 1 million by 2033.