Bitcoin’s Double Bottom Pattern: Potential Rally Toward $110K Hindered by CME Gap

Bitcoin is showing signs of a bullish comeback, with the weekend’s double bottom pattern pushing prices towards the $110,000 mark. This hopeful move comes as resistance near $111,300 emerges, but onchain data hints at near-term volatility. 50-week moving average is a key factor in this analysis. 📈 A significant CME gap near $104,000 could potentially trigger short-term retracement before the rally resumes. This pattern appears to coincide with a daily order block range between $98,100 and $102,000 where BTC repeatedly tested the $100,000 zone before rebounding. 📊