Will Bitcoin Fill The $82K CME Gap? $10B Could Be Liquidated—But Bulls May Ha...

Will Bitcoin Fill The $82K CME Gap? $10B Could Be Liquidated—But Bulls May Ha...

Bitcoin (BTC) is consolidating around $77,600 as the price fails to break above the nearest resistance area near $79,500. With the market stuck in this range, attention is shifting to the possibility that Bitcoin could finally shift direction, potentially ending the current compression.  A major part of this discussion is the CME gap around $82,000. In this context, CME gaps are treated as imbalances that can appear in futures pricing over periods when traditional trading is closed, such as weekends, while crypto trades continuously.  Drop To $60,000 Still On The Table Market analyst Rekt....


Related News

The UK Struggles to Fill FinTech Positions

As the global FinTech hub you would think that the U.K. has no problem when it comes to recruiting new talent for its financial technology sector. Yet, it seems that the country is experiencing a skills shortage that is seeing many jobs going unfilled. In a report from Business Insider, it found data from one of the world’s biggest job listing sites, Indeed.com, showed that the hardest jobs to fill are mechanical and engineering projects managers. According to the data, 30.8 percent of the positions remain unfilled after two months. The remaining nine jobs that are hard to fill include:....

Here’s the Newly Formed CME Gap Bitcoin May Soon Move to Fill

Bitcoin’s technical outlook has greatly improved throughout the past few days, with bulls’ ability to push the cryptocurrency off of its $10,600 lows and past its $11,200 resistance providing its market structure with a serious boost. Where it trends next will likely depend on its reaction to its next key resistance level at $11,600. The […]

Bitcoin Breaks Above $44K, Can Bulls Push Price To Next Level?

Bitcoin has managed to break above considerable resistance and now trades just north of the $44,000 mark. The first crypto by market cap took another swing at the low of its current levels, after a rejection near the $46,000 mark. As NewsBTC has been reporting for the past weeks, Bitcoin was poised to see a relief rally, at least in the short term, when it reached the high area around $30,000s. Although the situation between Russia and Ukraine seems to be escalating, the market appears to be pricing in any event to the upside. Both parties seem to have incentives to prevent a full-on....

Bitcoin Price Orderbook Shows Resistance At $21,500, Will BTC Retrace?

The crypto market has returned to the green with Bitcoin price pushing north of $20,000 after a severe rejection from those levels in August. The market is heading into the weekend, and with two major events in the next few days, there could a spike in volatility.  Related Reading: Bitcoin Bulls Aim Past $20,000 Level – How Hard Can They Charge Forward? At the time of writing, Bitcoin price trades at $21,000 with a 10% and 4% profit in the last 24 hours and 7 days, respectively. Data from Coingecko shows that BTC is overperforming in the crypto top 10 by market cap as other assets lag and....

How to get verified at Mt. Gox

Bitcoin is said to be an anonymous currency. While it's true that bitcoin addresses are not linked to any sort of real-world identity, it gets complicated when you try to convert bitcoins into world currency. Mt. Gox recently started requiring real-world identification of its members before they could transfer real-world funds into their accounts, which is a fundamental part of using any currency exchange! Assuming you're not quitting Mt. Gox, here's our guide on how to get verified. Step 1 - Sign up. If you haven't joined already, you'll need an account at Mt. Gox. Head over to....