Bitcoin fills another CME Gap at the $114,000 and $115,000 price level.
Another CME Gap remains betwee the $117,000 and $119,000 price range.
Bitcoin (BTC) is currently trying to break out of a falling wedge formation.
The price of Bitcoin (BTC), the pioneer crypto asset, has been experiencing repeated price declines, and analysts believe that this is due to the need to fill out two specific CME Gaps. Presently, Bitcoin fills another CME Gap at the $114,000 and $115,000 price range, with this gap filled, only one remains in the $117,000 and $119,000 price range. Bitcoin is currently trying to break out of a falling wedge formation.
Bitcoin Fills Another CME Gap
The pioneer crypto asset, Bitcoin (BTC), is working on filling out its remaining CME Gaps. It is crucial for CME Gaps to be filled out, lest huge corrections be needed if not taken care of. For instance, in Q1 of 2025, Bitcoin experienced a huge dip in prices, falling from the $90,000 price range to the $70,000 price range, after having just set its latest ATH price in the 6-digit price range.
This correction was caused by Bitcoin’s early price pump this bull cycle. In detail, the price of BTC went on to set a new ATH before the Bitcoin Halving event occurred. Thus, began Bitcoin's incredible price surge and a string of new ATHs being set throughout all of Q4 2024. When the correction began, the price of BTC dipped to fill out several CME Gaps, allowing a healthier market to settle in 2025.
In Q2 and Q3 of 2025, the price of BTC continued to pump and set higher 6-digit ATH prices, with the most recent being set 5 days ago at $124,457.12, according to CoinMarketCap data. Ever since this ATH was hit, the price of BTC has been steadily declining to hit the $115,000 price target. This is because BTC is working to cover its remaining CME Gaps before heading to higher ATH prices.
https://twitter.com/rektcapital/status/1957547518868308057
As we can see from the post above, this reputed crypto analyst believes that BTC has gone on to fill out another CME Gap in the $114,000 to $115,000 price range. With this gap being filled out, only one seems to be remaining, and this is at the $117,000 and $119,000 price range. Once this CME Gap is filled out as well, the price of BTC will continue to pump and hit much higher ATH prices.
Bitcoin Falling Wedge Breakout
https://twitter.com/CryptoBoss1984/status/1957565799083962487
As we can see from the post above, the price of BTC is currently working to break out of a falling wedge pattern. Having filled the CME Gap where it is positioned, BTC is hoping to pump and hit the next CME Gap area. The next ATH price region target for BTC lies between $130,000 and $135,000. Will the price of BTC claim another ATH price before the expected September bearish month?
