Bitcoin price fills a new futures gap as BTC rises to $ 12,000

Bitcoin (BTC) prices rose to close a significant gap in its price performance on August 3 as the bulls remained in control and pushed BTC / USD to $ 12,000.

Price chart data, including Coin360, showed this The largest cryptocurrency rose again on Monday after a correction to $ 11,000.

Daily snapshot of the cryptocurrency market from Coin360

Bitcoin price fills a new futures gap as BTC rises to $ 12,000
Bitcoin price fills a new futures gap as BTC rises to $ 12,000

Daily snapshot of the Coin360 cryptocurrency market

The BTC price is $ 11,500 and above

Previously, trading started on Monday with a “gap” of $ 150 in CME Bitcoin futures markets between $ 11,450 and $ 11,600.

As Cointelegraph reported Anticipation for the rise of Bitcoin was immediately aroused to fill the gap in line with past historical trends.

BTC / USD 1-day price chart

1-day BTC / USD pair price table. Source: Coin360

There was already another gap between $ 9,660 and $ 9,930, but given the bullish price history of the past two weeks, hopes were high that the first one to be filled would be higher and not lower.

At the time of publication The BTC / USD pair has circled around $ 11,400 after rising to regain the floor of the gap, but has so far not exceeded the USD 11,500 resistance.

Vays: “I’m still bullish” despite $ 1,200 withdrawal

There was a brief surge to $ 12,000 over the weekend before a sudden correction resulted in a minute decrease of $ 1,200.

For the experienced dealer Tone Vays Even this liquidation has not distorted the general upward trend of the Bitcoin weekly chart or the shorter terms.

“I still think last week was a bullish candle”he said during the last episode of his YouTube series Bitcoin Trading.

Vays added that if he had a chance he would have bought the pullback under $ 11,000, but still wasn’t convinced that Bitcoin had dropped enough to secure new support.


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