Bitcoin: When will the price drop?

BitcoinBTCBTC prices are falling and the total value of BTC is being erased. “Trump pump.”

Where is BTC/USD likely to bottom out? Cointelegraph looks at some of the top targets among crypto analysts and traders.

BTC price fills key CME futures gap

The marketplace is a key focus for investors. “gap” CME Group Bitcoin Futures Markets: The price that is created when the Bitcoin Price reaches $100,000 or more.

As of February 28, the BTC/USD exchange rate has nearly reached $78,000. “filled” The void.

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

Rekt Capital also noted an upside gap in the CME at around $92,000It could serve as a possible target in the event of a relief bounce.

The following are some of the ways to get in touch with us. Cointelegraph reportedCME gap often act as BTC price magnets on a short term basis, filling up in a matter of days or hours after their creation. Even gaps that are left open longer will be revisited later when Bitcoin’s macro-trend changes.

Bitcoin OG reiterates long-term $76,000 target

One long-time participant in the crypto markets remained cautious about the short-term future throughout the journey to the current highs of $110,000.

BitQuant was the pseudonymous X User who used to be known as succeeded in calling A major correction was long expected.

He warned in December that Bitcoin would be unreliable if it returned to its old range of $90,000.

“Sorry, but no, $90K was not the dip,” He wrote it at the time.

BitQuant refers to his expectations for a long-term trip. mid-$70,000 zone Before you begin, please read the following: “up only” BTC’s price is back on the rise.

“Are you panicking again? Panic buying or panic selling?” He asked Followers of X on February 28.

Bitcoin bids down to $70,00

Trading is a high-risk game when it comes to predicting the bottom of markets by betting on buyer interest in exchange order books.

Related: Brutal 20% Ethereum price sell-off is not over, but is there a silver lining for ETH?

The following are some of the ways to get in touch with us. Cointelegraph notedThis liquidity, which is added or removed immediately to affect the price, can be caused by market players with high volumes.

Liquidity is currently increasing in the $70,000-$80,000 range.

“$BTC ~$1.8 Billion in Bids has appeared on the Binance futures pair. These bids are sitting between $70K-$79K,” popular trader Daan Crypto Trades reported. 

“What happens when bids like these appear is varied. Sometimes price never moves into them, when it does start hitting them, it often fills a lot of them before (shortly) reversing. Keep in mind, these are bids that can just as easily be pulled away. Highlighting this as it’s an insane amount and this is something you rarely ever see.”

Latest data on monitoring resources CoinGlass Keith Alan’s trading software Material Indicators has calculated that five-day liquidations of crypto assets are worth over $3 billion. This shows the risk of using this suite. calls “catching a falling knife.”

“This is the Bitcoin correction we’ve been waiting for,” He told X Followers on the Day alongside the BTC/USD Chart. 

“I’m looking for a wick to the trend line. More importantly I’m looking for buyers to come in…as long as they don’t front run me.”

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.