Crypto: Bitcoin To Fill $84k Futures Gap 'very Soon' As BTC Rejects Above...

Bitcoin market participants diverged on the short-term BTC price outlook, with warnings of new macro lows contrasting with $84,000 targets.

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

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.

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

With the old 2021 all-time high increasingly turning to resistance, already wary traders were in no mood for relief.

“TLDR: The $BTC bottom, is not in. My priority right now is capital preservation,” Keith Alan, cofounder of trading resource Material Indicators, warned X followers the day prior.

Alan described the 2021 $69,000 highs as “important” within what he called the ongoing “relief rally.”

“$60k was a gift yesterday, but there's a high probability that lower is likely before the Bull Market returns,” he continued.

Source: CoinTelegraph