Could Bitcoin PA head down to fill CME Gap at 82K-77K usdt

And the answer is "Very possibly"
50 SMA ( RED ) -100 SMA ( BLUE ) - 128 SMA ( GREEN ) - 200 SMA ( YELLOW )

For a start, Lets Look at what the 50 SMA did in the previous range.
PA bounced off that 50, having tested it 4 weeks previously ( see wick down )
I can see no reason why that would not happen again if PA reaches this point.
But we are now seeing the 50 beginning to flatten out after 3 months of PA ranging.

The CME Gap exists since 11 Nov 2024
https://www.tradingview.com/x/AKNSBcYP/

Price range of Gap is 80720 down to 77535

On the main chart, See how that 50 SMA is currently flattening out just under this range ?
If PA comes down to the 50 SMA for support, it will fill that CME gap.

Notice also how there is a similarity to the pattern of PA from that Range in 2024, though it seems we are experiencing a contracted version.
As mentioned in previous posts, this range is also different in that we are under a 618 Fib Ext.
Little Support below.

This does not mean we will not bounce, indeed, I think we will but ultimately, I can see PA visiting that CME Gap, even if it is just a flash Wick down.
It is a superb opportunity to buy BTC at a lower price