The CME Bitcoin futures market opens in a few hours, with the price of bitcoin holding in the range of $84,000 - $85,000.
It would be reasonable to anticipate that the price could remain in this zone throughout the day, with the aim of avoiding the formation of a new bearish gap and consolidating the closure of the previous gap at 85,000 dollars at the beginning of the week.
However, it is important to highlight that the price has been forming an ascending wedge pattern. To avoid a correction, a strong breakout to the upside would be necessary to confirm the strength of the bullish movement.
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💰 BTC/USDT 4H + BTC1! CME 4H
The CME Bitcoin futures market opens in a few hours, with the price of bitcoin holding in the range of $84,000 - $85,000.
It would be reasonable to anticipate that the price could remain in this zone throughout the day, with the aim of avoiding the formation of a new bearish gap and consolidating the closure of the previous gap at 85,000 dollars at the beginning of the week.
However, it is important to highlight that the price has been forming an ascending wedge pattern. To avoid a correction, a strong breakout to the upside would be necessary to confirm the strength of the bullish movement.
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