Bitcoin Fun Cme Gap in the middle of the BTC options strategy of $ 300 million in Trump

Bitcoin (BTC) is still close to record heights, but that has not prevented the market dynamics from playing. The CME gap which often indicates whether the price of Bitcoin will then have been filled. With this obstacle away, can BTC reach $ 150,000, in particular with Trump Media working with an option strategy of $ 300 million?

Bitcoin Price Eyes Recovery because he fills cme gap

There were many wild swings last weekend, but overall, the bulls had the upper hand. This helped repel Bitcoin to the $ 120,000 area. Even thus, there is still a certain hesitation that another decrease will occur before the BTC goes for a new summit of all time.

Analyst Daan Crypto pointed out that there was an un -filled CME gap between $ 118,300 and $ 120,000. During the last five Mondays, this gap which generally remains on weekends has been reduced. This is the same case today, July 28.

At the time of the press, BTC Price exchanged $ 118,914, indicating that the void is now partially filled. Daan Crypto added that traders should not hold their breath while waiting for the price to drop to $ 118,200. He said,

“Look at the gap, but do not value it too much. I saw people left on behalf of the whole bull markets in the last cycle just because they were waiting for a gap.”

Bitcoin targets $ 150,000 after the Trump $ 300 million BTC options strategy

Whenever Bitcoin prints a new summit as it did on July 14, the market does not always reset. Instead, traders are seated to see if a new summit will be created, and this mainly applies to those who missed the previous one.

With only a correction of 3.4% compared to the record of $ 123,091, the market is not short of Bitcoin price forecast figures which are highly bullish.

For example, Cairsegappe said that Citigroup predicts that BTC will reach $ 199,000 this year. His prediction was based on an institutional interest which does not show signs of decrease.

Bloomberg highlighted the fact that Trump Media has invested $ 300 million to buy Bitcoin options. The report indicates that Trump’s company will not buy BTC in the same way as many companies. Instead, he will use the speed at which the BTC price changes to make leverage.

At the same time, the technical structure shows that Bitcoin is back to test the resistance that has been taking place for several weeks for July 13. Do it, the price of the BTC is about to confirm a bull flag. Based on the height, a gathering of 25.47% should occur from $ 120,250 to $ 150,867.

The 20 -day SMA does not invalidate this upward perspective, since it is now used for support. In fact, it is a level that has provided a solid base for the price of Bitcoin since Monday last week. The RSI to 61 also adds weight to the momentum being bullish.

Consequently, $ 150,000 could be reached by Bitcoin before the end of the third quarter. Trump Media and other companies that do not want to miss the BTC train could jump between August and September and help achieve this goal.

Good morning

Muthoni Mary is a seasoned analyst and writer of the cryptography market with more than three years of experience in decoding blockchain trends, price movements and market dynamics. She holds a Baccalaureate in Commerce (Finance) of the University of Kenyatta, mixing a solid academic foundation with a lively eye for a technical analysis and a in -depth understanding of the chain data. His work offers clear and data on data that allows investors to navigate with confidence in the space of digital assets in rapid development. When she does not analyze the markets, Mary likes to read and travel.

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