#bitcoin $BTC (BTC) has dropped 3% in the past 24 hours and is currently some 7% below its June 14 all-time high.
This raises the question of how much further it might drop. In the context of a continuing bull market, double-digit corrections are not unusual, with the largest drawdown reaching 30% since this cycle began in January 2023.
One technical factor to keep an eye on is the CME$BTC
Bitcoin Futures gap between $114,355 and $115,670. These gaps typically occur when price movement happens outside of the CME's trading hours, generally over weekends, and they often get filled later as the price revisits those levels.$BTC