Last move closed the GAP from May 9, 2022
This unclosed GAP on CME Futures waited there for more than a year and half and now it is closed.
What doest it means about the future price moves? First of all, the traders that were trapped on that levels can now close the positions break-even, but should they do that after waiting so long? I think that most of them will, because of psychologic bias. But, there are people that are always buying and adding more BTC to their portfolio even in current levels, because the Bitcoin ETF proposals of BalckRock and several other funds are still on a table of SEC and can be approved any day.
Microstrategy, for example, increased they BTC holdings in last year and their average buy price is $29,744.
What doest it means about the future price moves? First of all, the traders that were trapped on that levels can now close the positions break-even, but should they do that after waiting so long? I think that most of them will, because of psychologic bias. But, there are people that are always buying and adding more BTC to their portfolio even in current levels, because the Bitcoin ETF proposals of BalckRock and several other funds are still on a table of SEC and can be approved any day.
Microstrategy, for example, increased they BTC holdings in last year and their average buy price is $29,744.
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