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Bitcoin Stalls at $83K as $83,887 CME Gap Becomes Market’s Next Big Trigger
Bitcoin holds near $83,000 over the weekend with a key CME gap at $83,887 in focus. Traders await Monday’s open for potential breakout or correction.
The cryptocurrency market has been on edge since the news broke about the potential closure of the $83,887 gap on the Chicago Mercantile Exchange (CME). The community is abuzz with speculation regarding whether this will mark a new wave of growth or a downturn in prices.
The current short-term trend shows a bounce from approximately $82,200, forming a local low followed by a modest recovery. This price action creates a minor higher low structure but still remains below the CME gap resistance.
Funding Potential Exists at $83,887 yet failure to surpass this price level may trigger a new downward correction.
As Bitcoin traded within a narrow range over the weekend, holding close to the $83,000 mark, according to market data, a recent chart published on TradingView displays Bitcoin consolidating beneath a significant CME gap positioned at $83,887.
Bitcoin weekend consolidation! pic.twitter.com/QvsRUR7tIr — Crypto Rover (@rovercrc) April 6, 2025
The price action, as represented in four-hour candlesticks, suggests limited volatility with no decisive breakout in either direction.
Source: https://cryptonewsland.com/bitcoin-stalls-at-83k-as-83887-cme-gap-becomes-markets-next-big-trigger/
