Bitcoin Technical Analysis: Will BTC Fill The CME Futures Gap? (May 2020)

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Bitcoin Technical Analysis: Will BTC Fill The CME Futures Gap? (May 2020)

The price of Bitcoin left a gap over the weekend which has still not been filled. It attempted to partially fill it but we still need to see another move down to fill the gap completely. It appears that if BTC/USD were to fall again to fill the gap, it would have to break below a key trend line support. If the price ends up closing below that support, we might be looking at the beginning of a major downtrend. So far, it has not happened but nothing has happened on the bullish side either.

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