Has Bitcoin Hit Bottom? Analysts Weigh In

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Bitcoin is tackling support levels not seen in months. Where do traders think BTC price action will put on a definitive floor after nearly a 30% drop from all-time highs?

Bitcoin is in danger of violating its old all-time highs from March 2024 as BTC price losses erase the entire “Trump pump.”

BTC price fills key CME futures gap

A key area on the radar for traders is the “gap” in CME Group’s Bitcoin futures markets that price created during its ascent to $100,000 and beyond.

This lies at $78,000, and as of Feb. 28, BTC/USD has almost entirely “filled” the void.

“Bitcoin is getting closer and closer to filling its CME Gap formed back in November 2024. The CME Gap is between $78,000 and ~$80,700,” trader and analyst Rekt Capital confirmed in a post on X the previous day.

TIA/USDT has covered all the target to give a Profit of 51%

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