Bitcoin Moves Within Descending Channel as CME Gap Gets Filled
Bitcoin (BTC) continues to navigate challenging market conditions as it operates within a descending channel. This persistent bearish trend began on May 22 following a peak at $112,000. The price subsequently dipped by approximately 10%, settling around the $100,000 mark. Observers are keenly analyzing Bitcoin’s ability to break free from this downward pressure, seeking signs of recovery. The filled CME gap could play a crucial role in determining Bitcoin’s next moves. As investors weigh their options, the atmosphere remains tense. Will Bitcoin break the bearish trend, or are further challenges lying ahead?