BTC bounced back after dipping below $90K, but there's still an unfilled CME gap hanging around that level. Traders are eyeing whether price could get pulled down to the $87.5K Point of Control (POC) on the daily timeframe.
The technical setup suggests this support level is worth watching. If selling pressure continues, that $87.5K zone could act as a magnet for price—a critical floor to keep an eye on for the next move.
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SchroedingerGas
· 20h ago
87.5K this POC is really interesting, the CME gap just hanging there indeed makes it easy to attract accumulation
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ShadowStaker
· 01-09 11:01
ngl the CME gap narrative gets recycled every cycle... but yeah, that $87.5K POC does look like it could absorb some pressure if we see capitulation. question is whether the volume profile actually supports it or if traders just regurgitate the same support levels because they sound technical.
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PortfolioAlert
· 01-09 11:01
87.5K is coming again? Damn, CME gap is really annoying
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LiquidityOracle
· 01-09 10:49
87.5k that POC is really a bit strange, it feels like the CME gap is just trying to induce more buying, don't believe it
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StableCoinKaren
· 01-09 10:39
That position at 87.5k, I think there's a high probability that this gap needs to be filled...
Could Bitcoin pull back to $87.5K?
BTC bounced back after dipping below $90K, but there's still an unfilled CME gap hanging around that level. Traders are eyeing whether price could get pulled down to the $87.5K Point of Control (POC) on the daily timeframe.
The technical setup suggests this support level is worth watching. If selling pressure continues, that $87.5K zone could act as a magnet for price—a critical floor to keep an eye on for the next move.