Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The recent technical picture for Bitcoinpresents a tug-of-war between short-term momentum and macro necessity. While the bulls are aggressively defending support and pushing toward the $117,000 resistance area, the yet-to-be-filled CME gap hangs over the market. This historical pattern suggests that although the price action is bullish, a mandatory downside move may be required to reset the chart before the target can truly be breached. Gap-Filling Before The Next Big Rally
Ezy Bitcoin, in a recent short-term marketoutlook sharedon X, explained that Bitcoin may need to close an existing gap before it can build momentum for its next major rally. However, such a move should not be seen as a weakness but rather as a healthy reset, one that could set the stage for a stronger push upward. Related Reading Bitcoin Price Bounces Higher – Clears Resistance, But Next Barrier Still Looms 1 day ago
He referenced the Bitcoin CME Futures chart, where the CrossX indicator highlights unfilled gaps that often act like magnets for price action. Historically, Bitcoin has shown a tendency to revisit these areas before resuming its climb, making them a key part of the near-term structure. Source: Chart from Ezy Bitcoin on X
Over the last five months, Ezy Bitcoin has noted every single gap has been filled, while maintaining a flawless 100% success rate. This consistency adds weight to the likelihood of a short-term retracement before another rally begins, reinforcing his expectation that the pattern will hold.
With that in mind, he concluded that a minor pullback could create a valuable opportunity to accumulate more Bitcoin. Rather than fearing a dip, tradersand investors might see it as an entry point before the next strong upward move. Bitcoin Bulls Eye Recovery Momentum Despite Market Pressure
According to the latest updatefrom Crypto VIP Signal, Bitcoin demonstrated a rapid recovery after experiencing a sharp drop. The price briefly fell below the $113,000 mark but quickly managed to bounce back. This swift bounce from this level signals that buyers remain active and willing to step in at key zones, preventing any deeper correctionfor now. Related Reading Bitcoin’s $90,000 Level Holds Key To Preventing A New Bear Market, Top Analyst Says 18 hours ago
Currently, the price is moving upward again, and the immediate challenge is defined by a narrow resistance zone between $114,600 and $114,800. This range is acting as a local ceiling where selling pressureis likely to be concentrated. Overcoming this level is crucial for the continuation of the bullish move.
Looking ahead, Crypto VIP Signal emphasized that a successful breakoutabove the $114,600–$114,800 resistance will open up the path to significantly higher targets between the $116,000 and $117,000 area. A move into this range would solidify the positive momentumand confirm that the recent drop was merely a brief shakeout, allowing the rally to continue. BTC trading at $116,270 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com