BTC Price Drops 5% After Historic High, Analysts Predict CME Gap Fill and Possible Retracement to $108,000
2025-07-15 09:35:34
Main Idea
Bitcoin (BTC) price dropped 5% after reaching a historic high, with analysts attributing the decline to profit-taking and predicting potential further corrections or rebounds based on market indicators.
Key Points
1. Bitcoin (BTC) declined by 5% to $116,850 after hitting an all-time high, driven by profit-taking activities.
2. A futures gap between $114,380 and $115,630 on the CME suggests a potential retracement in BTC's price.
3. Analysts anticipate the CME gap may be filled before BTC resumes an upward trajectory, possibly influenced by upcoming CPI data.
4. Michael van de Poppe of MN Capital warned of a deeper correction, with BTC potentially testing levels near $108,000.
5. MicroStrategy (MSTR) holds 601,550 Bitcoins worth $71.6 billion, with significant unrealized gains.
Description
On July 15, Bitcoin (BTC) experienced a notable correction, declining by 5% to $116,850 following a recent all-time high. Market analysts attribute this pullback to profit-taking activities among BTC holders.
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