Bitcoin’s spot price (BTC) increased 9.5% of approximately $ 84,100 to more than $ 94,000 on Sunday after President Donald Trump called BTC and four other currencies: ETH, XRP, Sun and ADA, for the Crypto Strategic Reserve of the United States.
That has led to an opening of GAP-UP for the March futures that appear in the CME, as shown in the CME data source and the TradingView platform. The contract opened to $ 95,000 early today, up to $ 9,280 from Friday’s maximum of $ 85,720.
The gap represents a non -translated area, which indicates a price level in which there were no transactions between consecutive negotiation sessions. This absence of commerce suggests an abrupt change in the feeling of the market, which, in this case, is optimistic after the sale of the sale of last week.
The gaps are often filled as market participants tend to restore a balance after interruption. The best example is the mass sale of last week below $ 80,000, which filled the gap from November.
So, the appearance of a new gap between $ 84k and $ 94k means that prices could visit this window once again.
