Bitcoin (BTC)

Bitcoin Tests $107K as CME Futures Gap Signals Possible Drop to $100K

  • BTC dips to $107,460 amid CME futures gap.
  • $107K support critical; breakdown could test $100K–$95K.
  • Low volume rebound signals caution for short-term traders.

Bitcoin (BTC) is navigating a critical juncture as the market tests support near $107,000. After failing to sustain an early-week rebound, BTC/USD dipped to $107,460 on Bitstamp, down roughly 2.5% on the day. Traders are closely watching the latest CME Group Bitcoin futures gap, a recurring market pattern that often dictates short-term price movements.

Understanding the CME Futures Gap

CME Bitcoin futures gaps occur when futures close at one price on Friday and open at a different level after the weekend. These gaps frequently attract attention because markets tend to “fill” them, meaning the price moves back to the gap range within days or hours.

Analyst Daan Crypto Trades noted, “Price did come down to close some of it, but there’s still a bit left. It’s good to keep that in mind if price trades close to it.” Last week, BTC successfully closed a larger gap at $110,000, signaling temporary bullish momentum before facing renewed selling pressure.

Support Levels Under Pressure

Bitcoin’s short-term support around $107,000 is critical. If prices fail to hold, traders warn of a potential slide toward the $100,000 psychological level. Roman, a crypto analyst, pointed to low trading volume during Monday’s rebound, suggesting the move lacked strength: “100-98K here we come!”

Other traders echo this caution. Crypto Tony and Ted Pillows highlighted the possibility of BTC testing $100,000, with a further dip to $95,000 if market weakness persists. This outlook reflects the delicate balance between short-term retracement and broader bullish trends.

Market Outlook and Key Takeaways

While CME futures gaps offer traders guidance on short-term price action, the overall BTC trend remains susceptible to volatility. A sustained move above $107,000 could stabilize the market, whereas a breakdown below $100,000 would signal deeper corrections.

Also Read: Is Larry Fink Finally Bullish on Bitcoin? BlackRock’s $12.5T CEO Shifts Tone on Crypto

Investors should monitor volume and gap levels closely, as they often act as early indicators for Bitcoin’s next major move.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.

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