As Spot Bitcoin (BTC) exceeded the weekend reaching a maximum of $ 87,800 on Monday, another gap emerged between the CME Futures closing price on Friday and the start of the new week.
Futures closed to $ 84,190 at the end of the last week and opened around $ 1,000 more at $ 85,160. That prepares the stage for a setback because Bitcoin has developed a tendency to fill these empty of futures CME.
In mid -March, he had filled the most recent gap, which was created during the November demonstration after the electoral victory of President Donald Trump. That gap was completely closed when Bitcoin fell to $ 76,700 in mid -March.
The gaps occur because Bitcoin Spot is 24 hours a day, 7 days a week, while CME futures operate only 23 hours a day, from Sunday to Friday. When there is a significant price movement during the hours of the CME time, a gap between the previous closure and the opening of the next day is formed.
Historically, Bitcoin has often become in relation to filling such gaps. According to this pattern, Bitcoin is likely to visit the range of $ 84,000 – $ 85,000 in the short term.
