Historical data indicates that Bitcoin may retrace to fill the CME gap in the $84,000–$85,000 range.
Bitcoin (BTC) surged over the weekend, hitting a high of $87,800 by Monday, creating a gap between CME futures’ closing price on Friday and the start of the new trading week.
CME futures ended last week at $84,190 and opened around $85,160, nearly $1,000 higher. This price discrepancy suggests a potential short-term pullback, as Bitcoin has frequently filled CME futures gaps in the past.
Earlier in mid-March, Bitcoin filled a similar gap that originated during the November rally following Donald Trump’s election victory. That gap was closed when BTC dropped to $76,700.
These gaps occur because Bitcoin’s spot market operates 24/7, while CME futures trade only 23 hours a day from Sunday to Friday. Significant price movements during CME’s off-hours result in gaps between the previous session’s close and the next session’s open.
Considering Bitcoin’s tendency to fill such gaps, it is likely that the price will revisit the $84,000–$85,000 range in the near future.
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