Bitcoin has officially filled the CME gorge, an important technical event that many traders have closely viewed. Although some expected a market to fall around 10 March, it seems that the correction arrived earlier. Now the focus is shifting to what comes next, and according to Egrag Crypto, a bumpy ride can be for Bitcoin in the coming months.
A bumpy road for us?
According to the Crypto Egrag analysis, the price of Bitcoin Ups and Downs could experience around 200 (exponential advancing average) EMA before he makes a decisive move. This pattern was seen in an earlier fractal between July and September 2024, where BTC fluctuated before he finally broke out.
#BTC – cme gap filled! And now, what is the following?
All my colleague friends in this room have read many moons back and many times that would mark the start of a market dump on 10 March, but it seems that a drop came earlier.
I believe that March 2025 and April 2025 will be a bumpy road, … pic.twitter.com/femrdiojea
– Egrag Crypto (@egragcrypto) February 28, 2025
However, if the same pattern repeats itself, Bitcoin can move around the 200-day EMA, with short recovery followed by Dips, testing the market patience before a large outbreak.
According to the analysis, March and April 2025 are expected to be volatile, because the market absorbs the impact of the early fall. Many traders had expected a significant dip around 10 March, but the decline came earlier than expected. Now the focus is on how BTC will respond about important support and resistance levels.
Bitcoin follows Bullish pattern
Historically it worked, when the CME gap is filled, like magnets that Bitcoin withdrew to fill them before it makes a big move.
In the meantime, Bitcoin had a gap between $ 29,410 and $ 33,050 in January 2021. Once it was filled, the price did not just pass $ 40k in the same month.
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BTC’s next goal: $ 150k to $ 170k?
Egrag Crypto has long predicted that Bitcoin could hit $ 150k – $ 170k, corresponding to the FIB 1.618 level. Although this seemed unlikely, the current Bitcoin movement suggests that it might still be possible.
If BTC continues to follow the same historical pattern, short -term volatility can lead to long -term profit.
From now on Bitcoin exchanges About $ 80.273With a fall of 7% in the last 24 hours. In the meantime, market capitalization has fallen to $ 1.59 trillion. Despite the decline, Bitcoin’s 24-hour trade volume has risen by 15%and reached to around $ 81 billion.
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