With CME Futures Gap Filled at $7,200, What’s Next For Bitcoin?

This Monday, a Bitcoin price gap opened in the CME futures between $7,200 and $7,450 due to weekend volatility in the cryptocurrency market. The thing is, on Monday, the leading cryptocurrency was trading at $7,600, even as high as $7,700, leading some to suggest that the asset was going to leave the CME futures gap behind, maybe forever.Though on Christmas Eve, the gap was filled as BTC tanked, returning to levels it was trading at prior to the weekend jump.$BTCCME gap filled. pic.twitter.com/y9pzWjgi2b— Hsaka (@HsakaTrades) December 24, 2019With the gap now filled, some are wondering what comes next for Bitcoin and its ilk?Related Reading: Should History Repeat, Bitcoin Price Will Drop 40% to Bottom at $4,300Bitcoin Analysts BullishWhile some say the return to the low-$7,000s is a bearish retracement implying an impending return under $7,000, there is a confluence of factors suggesting that the ball remains in the court of the Bitcoin bulls.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs In“Dave the Wave,” a prominent chartist that called the recent drop to the $6,000s when Bitcoin was trading above $10,000, recently noted that he believes the one-week Moving Average Convergence Divergence (MACD) — an indicator tracking trends of assets — is likely going to see a bullish crossover early next year.  The popular trader wrote:

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