Will BTC Fill the $117K CME Gap? Long-Term Bitcoin Price Outlook
In Bitcoin trading circles, few topics spark as much debate as CME gaps—price gaps that appear on the Chicago Mercantile Exchange’s Bitcoin futures chart when trading pauses over the weekend. Since CME operates only Monday to Friday, big moves in the 24/7 spot market can cause the futures price to reopen on Monday far above or below Friday’s close, leaving an “empty space” on the chart.
Traders have long noted that Bitcoin often returns to these levels over time, effectively “filling” the gap. That’s why the unfilled gap around $117,000—created during earlier speculative surges—has become a focal point for bullish long-term forecasts. Some see it as a potential price magnet, others dismiss it as chart lore, but it’s hard to ignore in the context of Bitcoin’s recent momentum.
In this article, powered by Outset PR, we’ll examine the technical signals shaping Bitcoin’s long-term trajectory.
Bitcoin Aims Higher as It Surges Above $114k
Bitcoin is currently trading between $114,807 and $121,187, showing a steady upward trend. The digital coin recently rose by over 5% in just a week, indicating a promising potential for further growth. With the closest resistance level set at around $123,327, Bitcoin might soon test this threshold.
If BTC breaks through, it could rise toward the second resistance at approximately $129,707, marking a potential increase of nearly 7% from its current levels. Over the last six months, Bitcoin's price has climbed by about 26%, suggesting strong momentum and investor interest. As Bitcoin flirts with these key price points, eyes are on it to see if this bull run continues.
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Conclusion
The possibility of Bitcoin filling the $117K CME gap remains a point of intrigue for traders and analysts alike. With BTC holding strong momentum above $114K and pressing against critical resistance levels, the path to this target is within sight.
For crypto projects aiming to position themselves during these pivotal market moments, Outset PR delivers the analytical insights and precision-crafted visibility strategies to ensure their narratives rise in parallel with market momentum. In a landscape where timing and clarity matter most, Outset PR equips brands to stay ahead of the curve.
You can find more information about Outset PR here:
Website: outsetpr.io
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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