Bitcoin price fills CME futures gap but forecasts say $25K may be next

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Bitcoin price fills CME futures gap but forecasts say $25K may be next
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Would you feel 'absolutely fine' if BTC fell to $25,000 next?

Amid local lows of $27,828, prognoses for Bitcoin now focused on a potential return to the area around a key trend line.

“Bitcoin testing our key local demand at 28k and not getting the best reaction. If this level is lost, 25-26k is likely tested but this is no cause for concern,” Credible CryptoThe video further described a return to $25,000 as “absolutely fine” and still an example of “a little bit of a deeper pullback” rather than a significant trend change.

The area around $25,500 constituted Bitcoin’s 200-week moving average — a support level originally lost in 2022 and only reclaimed in recent weeks.A slightly more optimistic Crypto Tony nonetheless eyed the potential for a long position on the day. “Approaching a high volume node + the EQ of his range. I am looking to play a long scalp here once I see the bulls stepping in,” he“Another play if the bears take over, is to short a loss of the range down to the range low at $26,600.”The return to $28,000 meanwhile"completely" sealed a gap in CME Group's Bitcoin futures.

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