After several rejection at 39,500 resistance bitcoin did not manage to break the resistance and came down to 37,500 levels and a new CME Gap has been formed at $39,200 with previous CME Gaps at 32,400 — 40,050 — 53,500.
More than 90% of CME Gaps are filled sooner or later. Bitcoin sentiments looks Strong as Bitcoin recovered from the crash during the ukrainian and russia conflict.
![](https://i0.wp.com/cryptonks.com/wp-content/uploads/2022/02/IMG_20220228_123743_442.jpg?resize=696%2C273&ssl=1)
While bitcoin Technical analysis shows the downtrend and reversal is expected very soon. Huge Volatility is Expected This Week. Better trade Carefully.
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