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Bitcoin's Biggest Gap in History Has Occurred: Price Can Return to Those Levels! - Coin Bulletin
Bitcoin (BTC) is experiencing a rise with the announcement of US President Donald Trump's cryptocurrency reserves over the weekend, while the biggest vacuum in history has formed and the price may want to test these levels.
US President Donald Trump has announced that the country's strategic cryptocurrency reserve will include Bitcoin, Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple (XRP) assets, causing the Bitcoin price to rise by approximately 9.5 percent on Sunday, exceeding $94,000 from $84,100, and this surge created one of the largest price gaps in Chicago Mercantile Exchange (CME) history.
This statement caused significant market volatility, with Bitcoin price experiencing a sharp rise, and Bitcoin futures traded on CME opened at $95,000 on Monday. This represents a difference of $9,280 from the highest level of $85,720 on Friday, creating a massive price gap in the market.
Price gaps in CME Bitcoin futures contracts are generally filled by price movements in the future. These gaps occur due to the market trading over the weekends while traditional financial markets are closed. Currently, the range of $84,000-$94,000 stands out as an important area, and this level may function as support or resistance in the future.
Historical data shows that major gaps on CME tend to be filled when the price revisits those levels. Therefore, even if the Bitcoin price maintains its upward trend for a while, the possibility of retesting the $85,000 level should not be overlooked in the coming weeks. For investors, this gap area can play a critical role as both a retracement and a resistance point.