Bitcoin's Latest Weekend Surge Creates CME Gap, Indicating Possible Retracement
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Bitcoin's Latest Weekend Surge Creates CME Gap, Indicating Possible Retracement

Analysis of Bitcoin's recent price action suggests a potential drop back to the $84,000–$85,000 range.

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What to Know:

  • A $1,000 gap was created when CME Bitcoin futures opened at $85,160 on Monday, compared to Friday’s close of $84,190.
  • Bitcoin typically fills CME gaps, hinting at a possible revisit to the $84,000–$85,000 bracket.

As Bitcoin (BTC) surged over the weekend, reaching a peak of $87,800 on Monday, yet another gap was recorded between the closing price of CME futures on Friday and Monday’s trading opening.

The futures ended last week at $84,190, opening approximately $1,000 higher at $85,160. This trend indicates a likely drop back since Bitcoin has a history of filling these CME futures gaps.

Historically, Bitcoin has often retraced to fill such gaps. Based on this trend, it seems plausible that Bitcoin might revisit the $84,000–$85,000 range soon.

Next article

Bitcoin Surges Beyond Two-Week Range: Is a Rally to $100,000 Imminent?

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