Bitcoin has successfully closed its CME price gap between $92,800 and $94,000, suggesting a potential shift in market sentiment.
BTC's current price recovery has closed previous resistance areas and narrowed the CME gap between $78,000 and $80,700.
However, a new gap has formed between the $84,650 and $94,000 level, leaving Bitcoin at a crossroads for further price movement.
Despite previous volatility, the market sees BTC's drawdown as a buying opportunity due to positive developments like a potential Bitcoin reserve in the US.