Bitcoin Traders Watch $75K CME Gap as Support Holds Near $73K
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Bitcoin stabilized in a key crypto support zone between $72,500 and $73,300 after a roughly 10% drop over the past 20 days, with long lower wicks signaling demand and an unfilled CME gap near $75,400 as the next target as futures trading moves toward 24/7. CryptoQuant CEO Ki Young Ju cautioned the bearish phase could extend until early 2027, highlighting downside risk for price and adoption in the near term.
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- Bitcoin holds the $72.5K-$73.3K support zone as traders watch for a move toward the CME gap.
- The unfilled CME gap near $75.4K remains a key target as futures trading transitions to 24/7.
- CryptoQuant CEO Ki Young Ju says Bitcoin’s bearish phase could last until early 2027.
Bitcoin remained under close watch heading into the new trading week as market participants centered on a technical setup that could determine the asset’s next short-term move. After falling nearly 10% over the past 20 days, Bitcoin has begun to stabilize near a key support area.
The market structure has drawn attention to the region between $72,500 and $73,300, where Bitcoin repeatedly rejected lower levels despite several attempts by sellers to push prices downward. Multiple candles formed long lower wicks in that zone, meaning that demand emerged each time the asset approached support.
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