Bitcoin Price Pumps $600 to CME Gap, but $6.6K May Be End for Bulls

The price of (BTC) retraced to $5,800 over the weekend, which left the markets with an open CME gap between $5,900 and $6,620. Aside from that, buyers have stepped in at the $5,850 level, leading to a $600 rise in the price on Monday. However, is the correction over or is the market range-bound?

The bearish scenario was shown through thee movements in our previous article, which stated that support levels at $5,800 were significant levels to watch.

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