Extremely Bullish BTC Price Expectation after Massive CME Gap

BTC Has a very bullish price movement ahead of itself after observing a massive CME gap of 15%. The futures contracts from the Chicago Mercantile Exchange (CME) have something special to them; they don't open 24/7.

Gaps occur when the price of BTC moves during the time (the weekend) when CME is closed and other exchanges are open. For example, the Binance futures and Coinbase futures are opened 24/7.

These gaps tend to fill themselves, meaning the price moves into the opposite direction of the gap and continuing trading around the level where the CME futures market stopped.

In my previous gap analysis I showed that indeed 8 out of the 10 gaps were filled within 7 days:

www.tradingview.com/...nalysis-on-CME-Gaps/

This one of the largest gaps we have observed so far, showing a very bullish price expectation for BTC. Given the fact that the price dropped a lot recently, this might be a great moment to pick up some sats at a discount.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

Comment:

Not only the CME gap is very interesting, also the BTC Halving is around the corner. It is literally happening a few hours from now.

I made another idea where I show you what happened during the last few times we had a Bitcoin halving so you can understand what to expect: