Notably, this back-and-forth movement is part of a descending channel pattern structure on the 4-hour timeframe. The Sunday bounce has now carried Bitcoin back above the upper area of the channel, and Bitcoin needs to break and hold.
Next Target Is $79,450 CME Gap CME gaps have a history of being filled more than 90% of the time, and this places emphasis on the current gaps. Below $75,535, the next important price levels are $75,000 and $73,700. Losing $75,000 would diminish the recovery attempt further and could push the BTC price into lower support at $73,700.
