Looking at CME Bitcoin ( BTC ) futures , we see a crucial inflection point at 8250.

We noticed that Bitcoin ( BTC ) made major moves lower from this point in May and July of 2018. We also saw that 8250 is the location of a gap from back in June.

Bottom Line: Bitcoin futures are always an essential thing for crypto players to keep an eye on. Bitcoin ( BTC ) is at a critical point. What Bitcoin ( BTC ) does near 8250 may determine future direction.

DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice.  The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.