Bitcoin (BTC<\/a>) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD heading to $27,700, having briefly spiked above the $28,000 mark.<\/p>\n The pair encountered resistance below its local highs from around the weekly close, and stocks also treaded water after the opening bell.<\/p>\n The\u00a0excitement<\/a> around a possible deal to raise the U.S. debt ceiling, which had boosted crypto previously, also cooled as market participants waited for its first test in Congress.<\/p>\n \u201cBitcoin has been having a hard time reclaiming the weekend high,\u201d monitoring resource Material Indicators summarized<\/a> in part of an analysis on the day. <\/p>\n \u201cWith the Monthly candle close approaching tomorrow, bulls and bears are fighting to control the momentum.\u201d<\/p><\/blockquote>\n An accompanying chart of the BTC\/USD on Binance showed strengthening bid liquidity in the active trading range.<\/p>\n Popular trader Daan Crypto Trades suggested that liquidity represented genuine interest in BTC, rather than forming part of an order book \u201cspoof.\u201d<\/p>\n #Bitcoin<\/a> $22M+ Spot Buy Wall still sitting between $27.4-27.5K. <\/p>\n Some of the bids got filled yesterday already.<\/p>\n Looks to be genuine orders that want to get filled. pic.twitter.com\/IjgMrnss8M<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) May 30, 2023<\/a><\/p><\/blockquote>\n Fellow trader Jelle was also optimistic, offering May 31 as a potentially good date for bulls.<\/p>\n \u201cQuite liking how Bitcoin shapes up here. Still holding the key support, and looks like we\u2019re building a little hidden bullish divergence here,\u201d part of Twitter commentary stated<\/a>.<\/p>\n Additional posts included coverage of a potential triple breakout for Bitcoin when it comes to market structures.<\/p>\n #Bitcoin<\/a> is at the cusp of breaking out from three different bullish patterns.<\/p>\n Just a little bit higher, before these all confirm a move higher.<\/p>\n Who’s ready? pic.twitter.com\/8yZnTnn6xx<\/a><\/p>\n \u2014 Jelle (@CryptoJelleNL) May 30, 2023<\/a><\/p><\/blockquote>\n On the radar, meanwhile, was the looming gap in CME futures markets and Bitcoin\u2019s potential to \u201cfill\u201d it next.<\/p>\n Related:\u00a0Mining difficulty passes 50 trillion \u2014 5 things to know in Bitcoin this week<\/a><\/em><\/strong><\/p>\n The weekend\u2019s upside left a blank space on the futures chart between $26,900 and $27,850, providing a potential short-term downside target for the spot price.<\/p>\n Popular trader Justin Bennett included that scenario in part of the day\u2019s price analysis, suggesting rangebound behavior would continue.<\/p>\n Nice bounce from $BTC<\/a> so far, exactly as explained in Monday’s blog post. <\/p>\n This is your range for now. Get above $28,250 and we likely see a liquidity grab toward $29k and $30k. <\/p>\n But if $27,500 fails, expect the CME gap to fill.#Bitcoin<\/a> https:\/\/t.co\/kFabrgykZH<\/a> pic.twitter.com\/U5BnJgzvzm<\/a><\/p>\n \u2014 Justin Bennett (@JustinBennettFX) May 30, 2023<\/a><\/p><\/blockquote>\n Fellow trader Mikybull Crypto, meanwhile, took the opportunity to present a summary of other unfilled CME gaps for the year.<\/p>\n \u201cNote: gaps don\u2019t get filled immediately but they\u2019re not to be neglected,\u201d he argued.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/e04464be-26fa-4776-a92d-844cba79da9b.png\")
Bitcoin pauses into the monthly close<\/h2>\n
![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/8f03c5a2-ef3b-4ccc-a470-73505a9b352b.jpeg\" "\\"\\"")
\n
\n
CME gap looms large<\/h2>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/5ce03cc3-41c7-4e6f-8a51-dcd7ee7545d6.png\")
\n
![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/a0d9884f-5393-4c61-b80f-4d817384aa77.jpeg\" "\\"\\"")