Bitcoin Caught Between CME Gaps and New Macro Lows: Analysis

Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next.

Key points:

• Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come.

• Analysis says that the rebound into the weekend was nothing more than a “relief rally.”

• Two CME futures gaps provide potential targets for BTC price upside.

BTC price bottom “not in,” analysis warns

Data from TradingView showed BTC price action dropping more than $4,000 versus the daily open.