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CME Exchange Watch: Bitcoin’s Rally Could Stall at $116,500 Gap Fill Zone
CME Exchange Watch: Bitcoin’s Rally Could Stall at $116,500 Gap Fill Zone
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CME exchange News -
Bitcoin's push toward $120,000 may face resistance from an unfilled CME futures gap at $116,500, warns analyst Ted Pillows. Historical patterns show BTC often retraces to fill such gaps, potentially creating a temporary hurdle in its upward trajectory.
This week's price action already demonstrated this phenomenon, with BTC briefly dipping to fill last week's gap before recovering. Traders are closely monitoring the $116,500 level as a possible catalyst for short-term price volatility in the coming sessions.
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