Bitcoin CME Gap Pullback Threatens $111K Support
Bitcoin’s CME gap pullback concerns are intensifying right now as a fresh gap formation threatens the $111K support level. The CME futures gap Bitcoin traders have been monitoring closely opened when futures markets resumed trading, and this created a price discrepancy between spot and also futures prices. This Bitcoin price pullback risk actually has historical precedent, as CME gaps tend to get filled in approximately 77% of cases, which makes the current technical setup particularly significant for Bitcoin technical Analysis . Bitcoin price and derivatives data dashboard – Source: CoinGlass Analyzing Bitcoin’s $111K Support Amid CME Gap Concerns Source: Bitcoinist Understanding the Bitcoin CME Gap Pullback Pattern Bitcoin futures resumed trading with a gap between $111,000 and $109,700, triggering the latest CME pullback. This Bitcoin formation CME futures gap came as the asset is currently trading at spot exchanges over $112,000, which forms a technical magnet that...