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Bitcoin Faces Volume Gap: What Happens Next After $87,600?
The price of Bitcoin has entered a crucial zone, situated at the $87,000 to $90,000 level. With such little resistance within this region, it is more likely that the cryptocurrency could quickly move upward and hit new all-time highs.
Currently trading at around $87,602, the cryptocurrency appears poised to surge further following an important volume gap. The technical setup suggests a strong target push towards higher price points if Bitcoin can maintain its momentum above $87,600, which is now considered as a crucial support point.
Significant volume gaps are often seen within charts where less trading has occurred, leading to quicker price movements when the asset enters such regions. In this case, Bitcoin’s current positioning suggests rapid price fluctuations ahead.
Bitcoin must keep above its volume shelf strong to create a clear bullish trend that avoids major pullbacks and potentially sets it up for even higher targets.
Source: https://cryptonewsland.com/bitcoin-faces-volume-gap-what-happens-next-after-87600/
