๐ *Bitcoin CME Gap: 117,920* ๐ง๐ฅ
A *CME gap* refers to the price difference that forms on the *Chicago Mercantile Exchange (CME)* when Bitcoin trades 24/7 but traditional markets close on weekends. If BTC moves significantly while CME is closed, a โgapโ forms on the chart. ๐ณ๏ธ
โก๏ธ A gap at *117,920* means that during a weekend, BTC made a major move upward โ and the CME futures opened much higher, skipping that price range.
๐ *Why this matters:*
- Historically, *CME gaps tend to get filled* โ meaning price often returns to those levels over time.
- The *117,920 gap is above current levels*, making it a *bullish target* โ it shows where price might head next. ๐
๐ *Implication:*
This gap is acting like a *magnet* for future price action. If bulls stay in control, BTC could climb to *close this gap*, signaling strength and further upside momentum.
๐ *Keep your eyes on:*
- Price consolidation around100K
- Volume surge near $115K
- News or ETF-driven demand pushing BTC higher
#bitcoin #CMEgap #BTC #crypto #MarketSignal ๐๐ฅ๐ง