Tue, 07/30/2019 - 06:55

Lean Bullish if Bitcoin Price Closes Above $10,635 on CME Chart: Josh Rager

The Bitcoin price has to fill the $9965 gap on the daily CME chart to go above $10,000 once again

According to cryptocurrency trader Josh Rager, Bitcoin enthusiasts should keep a close eye on the CME Bitcoin futures chart. The gaps in CME futures historically predicts future BTC price moves on spot exchanges.

He currently leans natural, but BTC futures filling up the gap at filling the gap at $9965 on the daily chart could open the door to a further breakout above $10,000.

CME $BTC Futures:

CME is an important chart to watch & looking at one scenario that could play out

I lean neutral sideways but would be intrigued if price moved up to fill the meme gap at $9965 1D close before rejected off 50 MA

Lean bullish if price closes above$10,635 on CME pic.twitter.com/Bf3xFY1xyc
— Josh Rager 📈 (@Josh_Rager) July 30, 2019

There are still some gaps that haven’t been completely filled over the past two months. Earlier, Chonis Trading, another crypto trader, claimed that BTC would continue bleeding until it fills the $8,515 gap on the CME weekly chart.

$BTC - (cme futures) new weekly candle opens within the range of the previous weeks candle so NO new gap. Only open gap on the #bitcoin “weekly” chart is at $8500 area... pic.twitter.com/2kxzT8tFFl
— Chonis Trading-⚔️ (@BigChonis) July 21, 2019

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Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.