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Bitcoin’s (CRYPTO: BTC) decline over the past week has sparked a heated discussion among traders about whether the bull market has come to an end.
What Happened: Crypto chart analyst Ali Martinez stated that the crypto king has entered oversold conditions first time since August 2024. At that point, Bitcoin rebounded 33%.
Crypto trader Nic notes a solid breakdown of the current Bitcoin setup, pointing out several factors:
- CME Gap Probability – BTC has a 60% chance of filling the gap at $78,000. A hold above $77,000 would indicate stronger-than-expected demand.
- Liquidity Air Gap – If …
