The Bitcoin price has regained momentum, rising toward the $120,000 level after experiencing a short-lived pullback earlier this week. However, recent technical analysis warns that an unfilled Chicago Mercantile Exchange (CME) gap near $116,500 may act as a barrier, potentially creating the risk of a price crash as BTC makes its way toward a fresh all-time high. Bitcoin To Face Short-Term Crash With CME Gap A new Bitcoin price analysis by crypto market expert Ted Pillows suggests that BTC could encounter another major hurdle on its path to a record high. His analysis, shared on X social media, points to conditions in cryptocurrency’s current market structure that may trigger a temporary correction
source: https://www.newsbtc.com/news/bitcoin/bitcoin-to-hit-a-small-roadblock/