Recently, two CME futures gaps for Bitcoin have been officially filled, which may signal potential bullish continuation. This article explores the implications of this event.
What Are CME Futures Gaps?
CME futures gaps occur when Bitcoin's weekend price differs from the Friday closing level on the Chicago Mercantile Exchange. These gaps appear on charts and often act like magnets, pulling prices back to fill them.
Why Filling These Gaps Matters
Filling these gaps is a significant technical development. Historically, Bitcoin has shown a tendency to revisit and close CME gaps, which builds confidence among traders that the market has completed a necessary correction.
Bitcoin's Future and Resistance Levels
Traders are closely watching to see if Bitcoin can hold above $107,000 support. If buying pressure sustains, attention will turn to the next resistance zone around $110,000–$111,000. Closing the gaps clears technical hurdles, allowing bulls to potentially regain control.
Filling CME futures gaps may indicate a forthcoming upward movement for Bitcoin. Investors are closely monitoring market developments.
