Bitcoin trader eyes CME gap with $24K BTC price dip target in play

Bitcoin (BTC) surfed $27,000 on May 16 as traders stayed resilient about upside continuation.BTC/ USD 1-hour candle light chart on Bitstamp. Source: TradingView$24,000 BTC cost still in play, states traderData from Cointelegraph Markets Pro and TradingView revealed BTC/USD still focusing on the $27,000 mark, having actually dipped to $26,870 after the daily close.Still lacking direction, traders hoped that the set would either try to exit its current narrow range or touch more substantial levels up or down.For popular trader Crypto Ed, prospective targets consisted of the “gap” in CME futures developed at the weekend. Source: TradingViewCrypto Ed continued that a bounce after the gap might take BTC/USD back to its range highs at $28,800, however that a disadvantage “possibility” left $24,000 in play.Other market individuals were similarly cautious, with trader Jackis describing Bitcoin as “very tough to read” under present circumstances.