The CME gap at 24000 would put it at 39% from all time high , that's in line with historical pull backs from the last bull run.
Will the CME gap close yet again?
In the short term, any price impact caused by a hefty purchase in the futures market will be quickly arbitraged away in the spot market, causing prices to converge. But this could just as well happen if the hefty purchase were to occur in the spot market first.
Time and time again we see these triangles play out in bitcoin here is a TA from 2019 same pattern just on a Marco level.
Will the CME gap close yet again?
In the short term, any price impact caused by a hefty purchase in the futures market will be quickly arbitraged away in the spot market, causing prices to converge. But this could just as well happen if the hefty purchase were to occur in the spot market first.
Time and time again we see these triangles play out in bitcoin here is a TA from 2019 same pattern just on a Marco level.
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