Bitcoin Price Prediction: Rising Wedge and Unfilled CME Gaps Put Late Longs in Danger
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JPMorgan estimates its Strategy could buy up to $30 billion of Bitcoin this year if current acquisition pace holds through December, representing significant institutional funding/adoption risk for supply. Bitcoin trades at $80,400 on May 9; 4H chart shows a rising wedge with 85% of the upper CME gap filled, 4H Parabolic SAR at $79,525 (last dynamic support) and wedge base near $78,539. Major liquidation clusters are building below price, raising short-term downside risk to FOMO-driven longs; monitor CME gaps, liquidation zones, and support at ~$79.5k–$78.5k for market direction (crypto, Bitcoin, CME gap, liquidation, Parabolic SAR).
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- JPMorgan estimates Strategy could purchase up to $30 billion in Bitcoin this year if its current acquisition pace holds through December
- BTC trades inside a rising wedge on the 4H chart with 85% of the upper CME gap filled and major liquidation clusters building below price
- The 4H Parabolic SAR sits at $79,525, acting as the last dynamic support before the wedge base near $78,539
Bitcoin trades at $80,400 on May 9, printing a rising wedge on the daily chart with 85% of the upper CME gap filled, as liquidation clusters stack below price and analysts warn that FOMO-driven longs could be the next target.
Bitcoin 4H Chart: Rising Wedge With a Loaded Trap Below
The 4H chart shows BTC trading inside a clean ascending channel since the April lows near $65,000, with price now pressing the upper boundary near $82,000. …
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