Bitcoin is approaching the CME gap at $83,415, prompting traders to scrutinize its ability to maintain support around $82.2K-$82.5K. Weakening momentum on recent price peaks on the 1-hour chart hints at a potential market correction. The current level of support near $82,200-$82,500 will attract close attention as any breakdown could shift focus towards the lower $81,000 region. After reaching a peak near the target technical zone, Bitcoin has experienced a temporary slowdown, leading to decreased highs on its 1-hour chart and a potential correction. The CME gap acts as a temporary price stabilizer, with the asset’s value settling around $82,978 while the gap remains above this price range, sparking scrutiny from market analysts and traders alike. Traders remain cautious as they watch for signs of market exhaustion. 30% of active traders are holding Bitcoin positions, according to a recent report from crypto intelligence firm Glassnode.