Bitcoin Price Fills $6.6K CME Gap as Technical Metrics Flip Bullish

Bitcoin (BTC) delivered couple of surprises on April 1 as steadier trading conditions dominated for a 3rd day and volume stayed low.

Cryptocurrency market daily overview

BTC price shoots to plug futures space Data from Coin360 and Cointelegraph Markets painted an extremely dull April Fool's Day 2020 for Bitcoin, which since March 30 had sold a narrower passage between $6,100 and $6,600.

Compared to volatility previously March, conditions were a relief for traders, while compared to the very same time in 2015, the general photo remained less enthusiastic.

As Cointelegraph reported at the time, April 1, 2019, stimulated a three-month bull run for BTC/USD, throughout which the pair peaked at $13,800.

After falling by 70% to hit lows of $3,700 on March 12 this year, markets then recuperated to hit $7,000 before circling around press-time levels of $6,250.

Bitcoin 1-day price chart

Now, experts were still risk-averse, in spite of the motivating signs which indicated long-lasting healing continuing.

Cointelegraph Markets analyst Michaël van de Poppe kept in mind that when again, Bitcoin had closed a “gap" in CME Group's futures which had opened over the weekend.