#bitcoin

$BTC Traders Eye $110K CME Gap Dip as BTC Price Climbs 1.5% 🚀

Bitcoin hit $114,000 at Monday’s Wall Street open, riding a 1.5% daily gain. But traders are cautious, eyeing a CME futures gap at $110,000 that could pull $BTC lower to fill it. 📉

🔑 Key Points:

• BTC/USD surged to $114,000, continuing a rebound after a strong weekly close above $112,000.

• A new CME gap at $110,000 has traders on edge, as these gaps often act as price “magnets.”

• Exchange order books show bid liquidity at $111,000, with $400M in 24-hour crypto liquidations.

• “Uptober” hopes rise with bullish US stock markets (S&P 500 +0.5%, Nasdaq +1%) and gold at $3,831/oz.

💡 Analysis:

• Ted Pillows on X noted Bitcoin has filled every CME gap in the past 4 months, suggesting $110K could be next.

• Coin Bureau’s Nic Puckrin says closing the gap could clear the path for a stronger uptrend.

• QCP Capital sees $115,000 as the level to confirm renewed bullish momentum, with markets unfazed by potential US government shutdown risks.

📊 Will BTC fill the gap or push higher toward $115K? Keep an eye on liquidity and macro cues like Friday’s US Non-Farm Payrolls!