Coin-Turk 4 minutes ago
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Crypto analyst Justin Bennett has warned that Bitcoin’s price could decline by over 8% in the near future. According to information shared on social media, Bitcoin 
$83,986 has lost 2.2% of its value in the last 24 hours. Bennett noted that Bitcoin is trending towards the CME gap, which aligns with its 2023 trend line.
Technical Analysis of Bitcoin
The CME gap refers to the difference between the closing price on Friday and the opening price on Monday at the Chicago Mercantile Exchange. Bennett expressed that this gap could exert pressure on Bitcoin’s price, highlighting that a significant technical indicator lies at the $77,360 level. His analysis suggests that there could be a slight relief observed in March, but if February does not close above $92,000, strong resistance may remain on the monthly chart.
Justin Bennett: “Bitcoin is trying to close the November CME gap. There might be slight relief in March. However, if February cannot close above $92,000, a pullback on the monthly chart could occur.”
Tether Dominance and Market Analysis
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