This morning's Bitcoin Rally has closed the CME futures gap, now what?

An early morning rally in the price of Bitcoin has closed a rising futures gap on CMEs following the drop in profit taking after the middle of the weekend.

Now that the gap is closed, where will Bitcoin go in the next few days? And why are there gaps that crypto traders should continue to pay close attention to?

The future of Bitcoin CME is filled by the last anticipated rally in the morning

In the wee hours of the morning, when the trading volume is at its lowest point, the price of Bitcoin gave another impetus to try to withdraw $ 10,000.

Powerful air resistance is the key to unlocking the bull market in Bitcoin, but crypto assets continue to struggle with the often tested area.

Last week, the main market-capitalized cryptocurrency momentarily exceeded $ 10,000, but was rejected again. Over the weekend, Bitcoin's price dropped from peaks to just $ 8,100, leaving a huge price gap on the BTC futures price charts on the Chicago Mercantile Exchange

, better known as the CME Group.

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CME volumes exploded before halving, and the institution-driven platform continues to have a massive influence on Bitcoin price action.

Now that the gap has been bridged upwards, the price of Bitcoin often drops later. Top-down spreads remain undiscovered, which could provide future logical targets for cryptocurrency.

What are the gaps and why are they important?

The spreads are spreads left in asset price charts where strong price movements have occurred outside of normal business hours.

CME Group is an institutional platform that operates from Monday to Friday. When the trading session ends Friday, that's it for CME this weekend.

But with Bitcoin, the crypto market never sleeps and the asset continues to trade locally.

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When trading resumes at the next trading session, a gap is left. These gaps are filled with extreme precision, usually within the first week of being added to the price tables.

This has made it a major factor to which all crypto operators need to pay close attention.

Gaps are usually found in speculative asset prices, where irrational exuberance and extreme fear cause prices to deviate significantly from reality.

However, not all gaps are filled, or at least not quickly. One difference remains at $ 3,500, while another exceeds $ 11,000. Given the recent volatility of Bitcoin and price action, filling the two gaps is not out of the question and could provide targets for crypto assets to trade in the days and months to come.