Market Eyes Whether BTC Will Revisit Gap Zone After Weekend Drop
Bitcoin (BTC) started the week with a notable CME gap as futures markets opened, drawing attention from traders who closely monitor these imbalances. At the time of writing, BTC trades around $111,642, after dipping from the $116,000 zone.
The CME gap appeared between $113,500 and $116,000, a zone highlighted on the chart that remains unfilled. Historically, Bitcoin has shown a tendency to revisit and close such gaps, making this area critical for short-term price action.
BITX market strategist noted, “CME gaps are not a guarantee, but Bitcoin has a strong track record of revisiting these levels. The $113K–$116K zone will act as a magnet if bullish momentum returns.”
Meanwhile, Bitcoin is holding just above $111,500, with support levels stretching toward $110,000. On the upside, a rebound into the highlighted gap zone would require reclaiming $113,500, which could shift momentum back toward bulls.
Expert Insights
According to BITX analyst , “The current move shows hesitancy after last week’s rejection from higher levels. If BTC can stabilize above $111K, a retest of the CME gap is very likely. However, failure to hold here could expose downside risk toward $108K.”
Volume data suggests cautious participation, with spikes accompanying downside moves, signaling that sellers remain active in the market. Still, traders emphasize the importance of monitoring whether Bitcoin fills the gap, as this could determine near-term direction.
Implications for Traders
For short-term traders, the CME gap provides a clear technical target, while longer-term investors continue to focus on structural support zones around $110,000.
Bitcoin opened with a large CME gap today between $113,500 and $116,000. Whether BTC fills this gap in the coming sessions will be a decisive signal for short-term momentum.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.