💥 BITCOIN CONCERNS: CME GAP & CLEAR PATH 💸🚀📈

Cryptocurrency Technical Analysis with Naeem Al-Obaidi

Bitcoin has a CME gap at $19,995, indicating a high chance of it getting filled. This is especially promising as it is above the major short-term support level of $19,800, showing confluence with the 2018 previous all-time high, current realized price, and the 200-day moving average.

Additionally, we take a look at the DXY (U.S dollar index) which had a nice daily candle close, indicating some potential upside soon, along with the spike in the VIX (volatility index) today.

Please note that CME gap is a specific technical analysis term that refers to the difference between the closing price on the CME (Chicago Mercantile Exchange) and the next day's opening price on the regular market. It's important to keep in mind that CME gaps are not always filled and it's not a guarantee of a price movement. Don't miss out on the chance to stay ahead of the game - tune in now to learn more!

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