Bitcoin has made its first contact with the CME gap zone. If it is fully filled, there is room for an increase to the 117K level. Tomorrow at 11:00 AM, Bitcoin (Deribit) contracts with a maximum pain level of 116K will expire. ($11.7 Billion) Additionally, liquidations in the 115,800–118,000 range remain active. As long as Bitcoin remains above 112K, it will remain in the safe zone; a break below it will be a deviation. The 50-day moving average is currently passing through 116,600; we should see closes above this zone.