Bitcoin Hits $115K as Crypto Rebounds, Dan Gambardello Warns of a $110,000 CME Gap Risk Ahead of Policy Decisions
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- Bitcoin (BTC) leads crypto rebound to ~$115.7K as US-China trade deal hopes reduce fear
- Crucial week ahead with potential Fed QT end and FOMC rate decision driving volatility
- Analyst Gambardello warns unfilled BTC CME gap near $110K poses midterm pullback risk
Bitcoin (BTC) spearheaded a broad crypto market rebound, climbing decisively above $115,000 as optimism surrounding a potential US-China trade deal eased recent market fears.
BTC registered five consecutive daily gains to trade near $115,679 during the early London session Monday, pulling the total crypto market cap up 3.7% toward $3.9 trillion. This recovery significantly dialed back fears of further correction, reflected in a rising CoinMarketCap Fear & Greed Index.
Related: Fed Balance Sheet Pivot Raises Altseason Odds if BTC.D Softens
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