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Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gains

From cointelegraph.com

Bitcoin returned to a key focal point on June 1 as the monthly close delivered disappointment. {chart} BTC price “fills” latest CME futures gap Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000. The pair erased its entire uptick seen over the weekend, coming full circle to act in a familiar range on the day. {chart} In doing so this time around, however, BTC/USD “filled” a gap in CME futures outstanding since the weekend trip higher. “When these gaps fill, the bottom is usually near,” popular trader Jelle wrote in part of the day’s social media ... (full story)

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  • Category: Technical Analysis