CME Gap for BTC between 16925 and 18275

The outlook for Bitcoin after the drop:

Bitcoin seems to have regained traction and is trading at 18635USD at the moment, up 2.5% from yesterday.

Bitcoin sometimes likes to do false breakouts on weekends.

Now Monday is almost over and things are really starting to look bullish.

Might this be a bulltrap cause the NVT Indicator is currently still overbought despite the15% drop.

@cryptofaibik reports the opening of another CME gap between 16925 and 18275 and shows the other three CME gaps:

d4e85f81937bbee38afe86c345916b3f017defe2b97d2a4ba8953f8f743dd0bc.png

The market seems very bullish all together though as we are seeing the Altcoins growing with Bitcoin which has been quite rare in the recent past.

A look at coinmarketcap.com confirms this theory. In the top 10 only Xrp that skyrocketed the last week is trading in the red.

9642a6a28bf1902aa8744c5e294986843ba5db562fe99a4b0b8802eba208e54d.png

Are we in for another Bitcoin bullrun?

Please comment below

Trade wise stake safe and keep smiling

Please checkout my Crypto-Picks right here

Check out Cryptonews Blog here

And if you are interested in travelling follow me and my girlfriend around Australia right here

Just remember this is no financial advice.

Chris aka Goodsoul

Support your local blogger

How do you rate this article?

Goodsoul

World Traveler from Austria in Australia

Cryptonews as they happen

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.