Bitcoin CME Gap: Is 90K the Next Target?

Bitcoin-CME-Gap-Is-90K-the-Next-Target

Bitcoin opened at $82,110 on the CME. A CME gap has formed up to the 86K level.

On February 28, the CME closed at $84,665. Since Bitcoin’s price was rising at that time, the CME opened at $95,000 on March 1. This created a $10,000 gap, which was filled within just 19 hours. In fact, BTC’s price even dropped below the opening level of $84,665.

Now, it is likely that within 1-2 days, BTC will attempt to quickly fill the gap that has formed above. The 78K-80K region serves as our current support zone.

In summary, BTC could retest the 86K-88K-90K levels. However, as I’ve mentioned before, this does not necessarily indicate a confirmed upward reversal. My outlook for March remains unchanged. By the end of March, or at the latest, early April, I believe we will see that current prices are very cheap.